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Accounting At Your Fingertips, 2e by George Murray, CPA.

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7.1 Property, Plant, and Equipment

Classification and Valuation

Additions and Improvements

Keeping Records

Some of the most valuable assets your company owns are those it never intends to sell. Your property, plant, and equipment assets are those such as the building you work in, the fleet of delivery trucks, or the computers and office equipment you use to provide your services. This subchapter helps you identify these assets and properly value them on your books.

Property, plant, and equipment (PP&E) are the tangible assets you need to operate your business. You might also hear them called plant or fixed assets. They’re typically big-ticket items you plan on holding indefinitely.

Classification and Valuation

Fixed assets are valued at ...

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