Explore the classification of Property, Plant, and Equipment (PPE) in business accounting. Understand the difference between tangible, intangible, and current assets. Grasp the importance of PPE on a company's balance sheet.
Not The Solution You Need? Search for Your Answer Here:
Questions & Answers
Property, Plant, and Equipment is considered why type of asset?
A. current assets
B. contra assets
C. tangible assets
D. intangible assets
Step 1 of 3
Property, plant, and equipment: The property, plant, and equipment section is reported under the assets side of the balance sheet that contains building, land, and equipment because these items are held and used in daily business operations.