Property, Plant, and Equipment

Property, Plant, and Equipment

As the name suggests, Property, Plant and Equipment (PP&E) refers to the non-current tangible assets a company needs to function; non-current as it is assumed that a company will use them for periods beyond a year. PP&E includes land, buildings, machinery, fixtures and fittings, and vehicles. PP&E is carried in the financial statements and depreciates (in an accounting context) over its useful life.

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