Intangible assets may be amortized over some period, which is akin to depreciation. Liabilities are obligations of the business enterprise. Current portion of long-term indebtedness. Short term bank loans. Long-term liabilities are obligations due beyond one year.
Equity is the ownership interest of the business enterprise.
Book value of equity is the total value of the ownership of a firm, according to accounting principles. Treasury stock is the accounting value of shares of the firm's own stock bought by the firm. Retained earnings represent the accumulation of prior periods' earnings, less any prior periods' dividends. Sales or revenues represent the amount of goods or services sold, in terms of price paid by customers. Gross profit is sales less cost of goods sold.