Companies usually show plant assets under "Property plant and equipment" in the balance sheet.

Name: Companies usually show plant assets under "Property plant and equipment" in the balance sheet.
Brand: Quizplus
Rating: 4.7 (50 reviews)

Question

Quizplus · Accepted Answer

This is true. Companies generally categorize their assets under different headings in the balance sheet, and plant assets (such as land, buildings, and equipment) are usually reported under the "Property plant and equipment" (PP&E) category.

Companies Usually Show Plant Assets Under "Property Plant and Equipment