Property, Plant and Equipment

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Property, Plant and Equipment (PP&E)

Tangible, long-lived assets that a company owns and uses in its operations, rather than simply holding them as an investment. This includes buildings, construction, facilities, machinery etc. and is reported on the balance sheet as acquisition cost less the accumulated depreciation.
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com by typing SOP into the search engine and scrolling down under Content and clicking on Accounting for Certain Costs and Activities Related to Property, Plant and Equipment.