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Plant asset's process, Characteristics of land, Machine and equipment…
Plant asset's process
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Called property plant , equipment
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plant assets
plant asset is an asset with a useful life of more than one year that is used in producing revenues in a business's operations. Plant assets are also known as fixed assets.
Intangible assets
intangible asset is an asset that lacks physical substance. Examples are patents, copyright, franchises, goodwill, trademarks, and trade names, as well as software.
Define goodwill
the established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.
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