Problem
a. On the balance sheet, what is the difference between long-term investments and property and equipment?
b. What is the difference between gross fixed assets and net fixed assets?
c. How does depreciation expense on the income statement relate to accumulated depreciation on the balance sheet?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.