ACCT 212 Week 6 Balance Sheet Discussion Assignment
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$10.00
| Institution | ACCT 212 Financial Accounting |
| Contributor | Jessica Brown |
WEEK 6: NONCURRENT ASSETS AND RELATED LIABILITIES
Class, access the balance sheet of a publicly traded company, and list what items of assets are reported in the property, plant, and equipment section on the asset side. Select any one item from the property, plant, and equipment section, and discuss how you determine the cost of that item to be reported on the balance sheet.
Assets are considered as the resources of the articles which are used in the day to day operations, in order to generate profit and also to provide a future benefit to the company. Assets may be short- term as well as long-term and there are two types of assets included under long-term assets which are tangible and non-tangible.
Tangible assets are considered as the plant assets or property, plant, and equipment assets and are also termed as fixed assets and these assets remain available in the business and used in the manufacturing process. Assets included under the section of property, plant, and equipment are displayed below:
- Land
- Building
- Machinery
- Equipment
- Furniture
- Vehicles
- Fixtures
- Leasehold
| Instituition / Term | |
| Term | Summer 2021 |
| Institution | ACCT 212 Financial Accounting |
| Contributor | Jessica Brown |
