OWN WORK CAPITALIZED Definition

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OWN WORK CAPITALIZED represents the value of work performed for own purposes and capitalized as part of fixed assets.

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PRODUCT is: a. the end result of the manufacturing process, b. commodities offered for sale, or c. an artifact that has been created by someone or some process.

NON-PERFORMING ASSET is an asset not effectual in the production of income. For example, in banking, commercial loans 90 days past due and consumer loans 180 days past due are classified as non-performing.

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