Land is generally included in property, plant, and equipment EXCEPT when
A) it is not yet ready for use.
B) it is held for resale by land developers.
C) it includes a building that must be demolished.
D) special amounts are assessed for local improvements such as sewers.

Question

Quizplus · Accepted Answer

Land intended for resale by land developers is classified as inventory and is not included in property, plant, and equipment.

Land Is Generally Included in Property, Plant, and Equipment EXCEPT