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An example of a plant asset is machinery used in a manufacturing facility. These assets are long-term and are essential for production operations, contributing to the company's ability to generate revenue. Other examples include buildings, equipment, and vehicles that are used in the business. Plant assets are typically recorded on the balance sheet and depreciated over time.

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6mo ago

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Related Questions

What is plant asset Discuss the three types of plant asset?

Property, plant, and equipment


What is the recordable cost of a plant asset?

The record able cost of a plant asset is most likely the cost of the plant asset at acquisition. This would include equipment costs, training of employees, sales taxes, freight costs, and the like.


Is plant asset intangible?

No it is tangible.


Is it true that the original cost of a plant asset includes only the amount paid the vendor for the plant asset?

It is the amount of time it takes for you to cause an erect plant to ejaculate. You do not count the time where the plant is flaccid. You begin counting the cost of the asset once it has become erect.


What is a plant asset on the balance sheet?

Plant asset is the machinery asset which a business use to make units of products for selling purpose to generate revenue for business.


When a plant asset is acquired by issuance of common stock the cost of the plant asset is properly measured by the?

Type your answer here... par value of the stock


Is plant asset and current assets the same?

NO


What is the real asset?

Plant Assets are included in this.


Are notes payable an example of an asset?

no, they are an example of a liabilty


Is accounts receivables a fixed asset or intangible asset?

The answer is neither one. Accounts receivable are a current asset; neither an intangible asset (e.g. goodwill) nor a fixed asset (e.g. plant and equipment).


Examples of intangible asset?

Most common example of intengible asset is "GOODWILL"


What is a good example for an asset inventory software?

There are quite a number of various examples of asset inventory software on the market. A good example of one would be RedBeam Fixed Asset Tracking Software.

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