Types of Property, Plant, and Equipment

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What are Furniture items?

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Moveable items found in offices or common areas, such as desks, chairs, and tables, used daily by employees to make the workplace comfortable.

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What are Land and Natural Resources?

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The ground or area a company owns where it can build, usually does not lose value over time.

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What is Machinery?

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Large equipment directly used in production to turn materials into finished goods, usually fixed in place and wears out over time.

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What are Buildings?

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Physical structures like offices, factories, or storage areas where work is done, which lose value gradually as they age.

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What is Information Technology Equipment?

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Devices used to store, process, or communicate information, often replaced quickly due to changes in technology.

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What is Equipment?

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Tools, devices, or small machinery that a company uses to support its operations, essential for daily tasks.

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What are Other Installations?

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Unique structures like specific wall dividers or storage units added to improve the workspace but not essential for production.

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What are Technical Installations?

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Special systems within a building, such as complex electrical wiring or air conditioning units, set up to support the work environment.

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What is Other Property, Plant, and Equipment?

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A general category for items that don’t fit easily into other groups, including decorations or unusual equipment.

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What are Motor Vehicles?

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Vehicles owned by the company, such as cars or trucks, used for deliveries or travel, which lose value with use.