Title: Plant Assets: The 4 Biggest Categories | Udemy Blog
Headings: Plant Assets: The 4 Biggest Categories
Business
Plant Assets: The 4 Biggest Categories
Udemy Editor
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A Detailed Definition
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Low vs. High
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4 Categories Of Plant Assets
1. Buildings:
2. Equipment:
3. Land:
4. Improvements:

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A Detailed Definition
Plant assets are commonly referred to as fixed assets. This is because most plant assets are either 1) long-term assets, 2) assets that are difficult to liquidate, or 3) both. Long term assets are often difficult to liquidate, and vise versa. The four main categories of plant assets are buildings, equipment, land and improvements. Only one of these is considered to avoid depreciating over time (at least, generally speaking): land. The reason the other three are depreciable is because no matter how well-built or well-designed they are, in the end time will get the best of them and they will either need to be replaced or repaired. For more information on financial analysis, refer to this excellent course on the basics business finance (with advice on how to use Excel to construct financials). Accounting students also learn
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Low vs. High
Some companies will have a much higher percentage of plant assets than others.