NON-EXPENDABLE PROPERTY Definition

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NON-EXPENDABLE PROPERTY is durable (e.g., equipment and furniture), lasting for a year or longer, and generally has a high dollar value. Non-expendable property must be accounted for throughout its useful life.

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NON-DISCRETIONARY means it is mandatory, not up to the individual or company.

HORIZONTAL COMBINATION is a business combination of companies with similar functions in the production or sale of comparable products.

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