The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is PROPERTY, PLANT, AND EQUIPMENT

This is a complete listing of all of the property ans equipment owned by a company. It includes things such as buildings, machinery, capital leases, vehicles and all equipment with a life longer than a year. Its value is based on Book Value and not purchase value.

Share on facebook
Facebook
Share on twitter
Twitter

Disclaimer

Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.