For a clothing manufacturer which assets would be likely to be grouped together in a ledger account titled 'factory plant and equipment'?
I. Sewing machines
II. Cutting tables
III. Motor vehicles
IV. Office equipment
V. Buttonholer

Question

Quizplus · Accepted Answer

Sewing machines, cutting tables, and buttonholers are directly involved in the manufacturing process, making them part of the factory plant and equipment. Motor vehicles and office equipment are not specific to the manufacturing process and would likely be categorized under different asset accounts.

For a Clothing Manufacturer Which Assets Would Be Likely to Be