Plant Assets

Plant Assets refer to long-term tangible Assets that a company uses in its operations to generate Revenue. These Assets are not intended for resale and are typically subject to Depreciation over time. Plant Assets include buildings, machinery, vehicles, and equipment.

Examples of plant Assets include:

• Manufacturing equipment used in production processes.
• Office buildings where company operations take place.
• Delivery trucks used for distributing products.
• Land and improvements made to the land, such as parking lots.

Cases involving plant Assets often address issues like Depreciation methods, impairment of Assets, and the revaluation of Assets under accounting standards.