property, plant, and equipment


property, plant, and equipment
*Long-term, *tangible assets used for operational or administrative purposes. The term does not normally refer to assets held principally for investment or trading purposes. It typically refers to land, buildings, machinery, and office equipment. Other than land, assets in this category are normally subjected to *amortization under most systems of *Generally Accepted Accounting Principles. Contrast *current asset.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • Property, Plant And Equipment - PP&E — A company asset that is vital to business operations but cannot be easily liquidated. The value of property, plant and equipment is typically depreciated over the estimated life of the asset, because even the longest term assets become obsolete… …   Investment dictionary

  • Depreciation and amortization of property, plant, and equipment —   The monthly provision for depreciation and amortization (applicable to utility property other than electric plant, electric plant in service, and equipment).   U.S. Dept. of Energy, Energy Information Administration s Energy Glossary …   Energy terms

  • property tax — a tax levied on real or personal property. [1800 10] * * * Levy imposed on real estate (land and buildings) and in some jurisdictions on personal property such as automobiles, jewelry, and furniture. Some countries also levy property taxes on… …   Universalium

  • property law — Introduction       principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… …   Universalium

  • plant — /plænt / (say plant), /plant / (say plahnt) noun 1. any living organism which is characterised by the capacity to synthesise food from inorganic substances and by the presence of cellulose in its cell walls, and which is incapable of voluntary… …   Australian English dictionary

  • plant equipment — Personal property of a capital nature, consisting of equipment, furniture, vehicles, machine tools, test equipment, and accessory and auxiliary items, but excluding special tooling and special test equipment, used or capable of use in the… …   Military dictionary

  • List of business and finance abbreviations — This is a list of business and finance abbreviations.*ARPU Average revenue per user *B2B Business to Business *B2C Business to Consumer*CAPEX Capital Expenditures *CDS Credit Default Swap *CEO Chief Executive Officer *CFC Consumption of Fixed… …   Wikipedia

  • furniture and fittings — A category of *property, plant, and equipment that consists of *fixed assets found typically in administrative offices …   Auditor's dictionary

  • Morse Dry Dock and Repair Company — Former type Private, later public Industry Shipbuilding Genre Industrial Fate Merged Predecessor Morse Iron Works and Dry Dock Company Successo …   Wikipedia

  • Delaware River Iron Ship Building and Engine Works — Former type Private Industry Shipbuilding Predecessor Reaney, Son Archbold Successor Chester Shipbuilding Co. Founded 1871 …   Wikipedia