Assets classified as Property, Plant, and Equipment can be either acquired for use in operations, or acquired for resale.

Name: Assets classified as Property, Plant, and Equipment can be either acquired for use in operations, or acquired for resale.
Brand: Quizplus
Rating: 4.7 (60 reviews)

Question

Quizplus · Accepted Answer

Assets classified as Property, Plant, and Equipment (PP&E) are acquired for use in operations, not for resale. These assets are intended for long-term use to generate revenue and are not held for sale in the ordinary course of business.

Assets Classified as Property, Plant, and Equipment Can Be Either