Property, plant and equipment may include which of the following?
A)Intangible assets and land.
B)Inventory and equipment.
C)Buildings and cash.
D)Land and office buildings.

Question

Quizplus · Accepted Answer

Property, plant and equipment typically refer to tangible assets such as buildings, land, and office equipment. Intangible assets, inventory, and cash are not included in property, plant and equipment. Therefore, the best choice is D (land and office buildings).

Property, Plant and Equipment May Include Which of the Following