O'Reilly logo

Intermediate Accounting For Dummies by Maire Loughran

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 11

Buying and Selling Property, Plant, and Equipment (PP&E)

In This Chapter

arrow Getting familiar with different types of tangible assets

arrow Assigning costs to the balance sheet

arrow Determining the cost of self-constructed assets

arrow Preparing the asset section of a balance sheet

arrow Placing a value on PP&E

arrow Getting rid of old PP&E

Now that you’ve read about current assets, it’s time to move on to noncurrent assets, which are assets with a life of more than one year. Your biggie noncurrent assets are tangible and intangible assets. This chapter talks about tangible assets, which you can touch and feel — they have a physical presence.

Tangible assets, also called fixed assets, include property, plant, and equipment (PP&E). I cover intangible assets, which lack a physical presence such as patents, in Chapter 13.

Companies don’t always acquire tangible assets just using cash or credit — they also ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required