Plant and Intangible Assets that are used actively in the operations of an entity. It is fully expected that these assets, sometimes referred to as property, plant, and equipment, will benefit future periods. When a plant asset is acquired, it is recorded at its historical cost. Once the asset is placed in service, a portion of the asset’s cost is allocated to depreciation expense as the asset becomes older.
Related Paper
More Paper
- On the West Coast of the United States, Climate Change may Cause Power Outages and Higher Power Costs
- Annual Report 2010-2011 of VA Tech Wabag Limited
- Define Credit Management and Credit Risk
- United Nations Public Service Day
- Annual Report 2014 of Malek Spinning Mills Limited
- Annual Report 2010-2011 of Tata Consultancy Services Limited