Parking garages,$500,000 printing presses,privately owner warehouses,and oil well drilling platforms are depreciated over time rather than expensed in the year they are purchased.These are classified as:

Question

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Installations are long-term assets with a useful life of more than one year and are depreciated over time rather than expensed in the year they are purchased. Examples of installations include parking garages, printing presses, privately owned warehouses, and oil well drilling platforms. Processed materials, accessory equipment, supplies, and component parts are all short-term assets that are expensed in the year they are purchased.

Parking Garages,$500,000 Printing Presses,privately Owner Warehouses,and Oil Well Drilling Platforms