A building not currently used because economic conditions have limited a company's expansion is classified properly as property, plant, and equipment.

Question

Quizplus · Accepted Answer

Property, plant, and equipment are assets that are used in the operations of a company. A building that is not currently used is not an asset that is being used in the operations of the company and therefore should not be classified as property, plant, and equipment.

A Building Not Currently Used Because Economic Conditions Have Limited