Plant Asset

2. When an old equipment is traded for a new equipment.
3. What is the process of allocating the cost of a plant asset over its useful life called?
5. How many depreciation methods are there?
7. What is another term of plant asset
11. sale of plant that are less than the goods value.
15. is land and land improvement the same (Yes or No)
16. Example of a plant asset for making goods.
17. Plant assets that provide physical space.
20. What is the process of maintaining a plant asset to ensure it is in good working condition called?
21. drive way, parking lot, landscaping, fences are examples of

1. Plant Asset are resources that have.
4. What is the purpose of plant asset?
6. All plant assets must be depreciated for accounting purposes (True Or False).
8. What is the process of calculating the value of a plant asset after it has been fully depreciated called?
9. What is the process of transferring ownership of a plant asset to another party called?
10. plant asset that are used for transportation
12. When there is a condition where an equipment is scrapped or discarded.
13. Plant Asset that can be used and have to be maintained.
14. how are plant assets recorded on a balance sheet?
18. sale of plant that exceed the goods value.
19. Plant Asset that doesn't depreciate.