Which of the following should not be classified as property, plant and equipment? A)building used as a factory B)land used in ordinary business operations C)a truck held for resale by an automobile dealership D)land improvements, such as parking lots and fences

Question

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Property, plant, and equipment (PP&E) are long-term assets vital to business operations and not easily converted into cash. Choice C, a truck held for resale by an automobile dealership, should not be classified as PP&E because it is inventory for the dealership, intended for sale to customers rather than for use in operations.

Which of the Following Should not Be Classified as Property