Title: Plant Assets: The 4 Biggest Categories | Udemy Blog
Headings: Plant Assets: The 4 Biggest Categories
Business
Plant Assets: The 4 Biggest Categories
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4 Categories Of Plant Assets
1. Buildings:
2. Equipment:
3. Land:
4. Improvements:

Content: Land: We can only expand on land so much. Assets include land (raw), vacant lots, approved building sites and any other taxable parcels. The one thing I do want to note, which I mentioned earlier, is that land is the one plant asset that is not depreciable. While land is an inactive investment (as opposed to a factory) it is also very stable. This five-star course on accounting can help you develop a stronger business mindset for managing assets. Asset costs pertaining to land include purchase price, property taxes, closing costs, broker fees, excavation and other similar costs necessary to make the land usable. 4. Improvements: When discussing plant assets, improvements are most commonly associated with land use and are even called “land improvements.”