|Plant and Equipment|
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Definition of Plant and Equipment
Plant and Equipment
Buildings and machines that firms use to produce output.
This label is generally used in financial
This item is comprised of all types of fixed assets
a cost related either to the long-term investment
Amortization of fixed assets, such as plant and equipment, so as to allocate the cost over their depreciable life.
The value of the tax write-off on depreciation of plant and equipment.
The acquisition abroad of physical assets such as plant and equipment, with
A depreciation method created by the IRS under the Tax Reform Act of 1986. Companies must use it to depreciate all plant and equipment assets installed after December 31, 1986 (for tax purposes).
Scrap value of plant and equipment.
The cost of equipment owned by the company.
Certificates issued by a trust that was formed to purchase an asset and lease it
The movement of inventory from one company location to
Assets such as land, buildings, machinery, and equipment that the business will use for several
A contra, or offset, account that is coupled
Expenditures Purchases of productive long-lived assets, in particular, items of property,
management’s plan for investments in longterm
Amount used during a particular period to acquire or improve long-term assets such as
The total amount of plant, equipment, and other physical capital.
Assets acquired to create money. May include plant, machinery and equipment, shares of another company etc.
A technique by which a company recovers the high cost of its plant-and-equipment assets gradually during the number of years they’ll be used in the business. Depreciation can be physical, technological, or both.
The systematic and rational allocation of the cost of property, plant, and equipment
Long-lived property owned by a firm that is used by a firm in the production of its income.
An informal term that refers to the variety of long-term operating
Land, buildings, plant, equipment, and other assets acquired for carrying on the business of a company with a life exceeding one year. Normally expressed in financial accounts at cost, less accumulated depreciation.
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