A building not currently used because economic conditions have limited a company's expansion should not be classified as property,plant,and equipment.

Question

Quizplus · Accepted Answer

Property, plant, and equipment (PP&E) are tangible assets that are used in the operations of a business. A building that is not currently being used is not an asset that is being used in the operations of the business, so it should not be classified as PP&E.

A Building Not Currently Used Because Economic Conditions Have Limited