Which of the following would not be classified as property,plant and equipment on a balance sheet?
A)Land held for investment.
B)Equipment used in the manufacturing process.
C)A building used as corporate headquarters.
D)A natural resource being mined.

Question

Quizplus · Accepted Answer

Land held for investment is not considered as property, plant, and equipment because it is not used in the operations of the business. Property, plant, and equipment are tangible assets used in the production or supply of goods and services or for administrative purposes.

Which of the Following Would Not Be Classified as Property,plant