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    Property, plant and equipment (PPE) refers to tangible assets used in business operations for more than one year, such as land, buildings, machinery, and office equipment. PPE is classified as a non-current asset and includes items that are physical in nature and used in the production of goods or services, rather than being held for resale. Examples of PPE include land, buildings, machinery, aircraft, furniture and fixtures, ships, office equipment, tools, and bearer plants.

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    Property, plant and equipment (PPE) refers to tangible assets used in business operations for more than one year, such as land, buildings, machinery, and office equipment. PPE is classified as a non-current asset and includes items that are physical in nature and used in the production of goods or services, rather than being held for resale. Examples of PPE include land, buildings, machinery, aircraft, furniture and fixtures, ships, office equipment, tools, and bearer plants.

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    8 views1 page

    Untitled

    Uploaded by

    HappyPurple
    Property, plant and equipment (PPE) refers to tangible assets used in business operations for more than one year, such as land, buildings, machinery, and office equipment. PPE is classified as a non-current asset and includes items that are physical in nature and used in the production of goods or services, rather than being held for resale. Examples of PPE include land, buildings, machinery, aircraft, furniture and fixtures, ships, office equipment, tools, and bearer plants.

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    © All Rights Reserved
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    What is Property, Plant and Equipment?

    Give examples
    Property, Plant and Equipment or PPE is classified under non-current Assets in the
    statement of financial position. According to the standard these are tangible assets that are held
    for use in production or supply of goods or services, for rental to others, or for administrative
    purposes, and are expected to be used during more than one period. The major characteristics
    of this includes (a) They are Tangible Assets, meaning they can touch and have physical
    substance, (b) PPE are Used in Business, (c) Expected to be used over a period of more than
    one year.
    Some examples of property, plant and equipment are Land, Building, Machinery, Aircraft,
    Furniture and Fixture, Ship, Office Equipment,bTools and as well as Bearer Plant.

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