All of the following are examples of property, plant, and equipment EXCEPT
A) equipment.
B) timber stand.
C) land.
D) building.

Question

Quizplus · Accepted Answer

A timber stand is considered a natural resource rather than property, plant, and equipment. Property, plant, and equipment typically include tangible assets like equipment, land, and buildings that are used in operations and have a useful life extending beyond a year. Natural resources, on the other hand, are assets that are physically consumed and converted into inventory over time, such as timber, mineral deposits, and oil reserves.

All of the Following Are Examples of Property, Plant, and Equipment