Property, plant, and equipment assets may properly include
A)deposits on machinery not yet received.
B)idle equipment awaiting sale.
C)land held for possible use as a future plant site.
D)none of these.

Question

Quizplus · Accepted Answer

Property, plant, and equipment should only include assets that are currently in use or being prepared for use in operations. Deposits on machinery not yet received, idle equipment awaiting sale, and land held for future use do not meet this criterion.

Property, Plant, and Equipment Assets May Properly Include