Property, plant, & equipment

/Property, plant, & equipment

Property, plant, & equipment

Property, plant, and equipment (PP&E): Long-term assets used in the course of business

  • Assets reported on the balance sheet at cost
  • Depreciated to represent decline in asset value over time

Examples: Land, buildings, leasehold improvements, office equipment, furniture, fixtures, and vehicles

H_10F_Property,_plant,_and equipment

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By | 2018-01-22T10:24:33+00:00 August 5th, 2015|0 Comments

About the Author:

John Gillingham is a CPA and Accounting App Developer in San Francisco, California. Check the iOS App Store for Accounting Flashcards and the Debits & Credits Game. On Android: Learn Accounting Flashcards. Also on Kindle and iBooks.

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