Which of the following would not be classified as property, plant and equipment?
A)Computers
B)Buildings
C)Inventory
D)Office furniture

Question

Quizplus · Accepted Answer

Inventory is not considered property, plant and equipment as it is a current asset and held for sale or use in the production of goods or services. Property, plant and equipment are long-term assets that have a useful life of more than one year and are used to generate income for the company. Examples include buildings, machinery, and office furniture. Computers may be considered property, plant, and equipment if they are used for a long period and not for resale.

Which of the Following Would Not Be Classified as Property