Land used in a company's is classified as property, plant and equipment, while land held solely for the expected increase in value is classified as an

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13-07-2022
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Land used in a company's is classified as property, plant and equipment, while land held solely for the expected increase in value is classified as an

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mboluwape mboluwape · Answer 1 · 2022-07-21T16:38:04+02:00

Land used in a company's is classified as property, plant and equipment, while land held solely for the expected increase in value is classified as a assets.

What is an assets?

Asset is anything of value usually in material form that can increase in value.

It can be bought to keep and allow to appreciate over a period of time.

Therefore, Land used in a company's is classified as property, plant and equipment, while land held solely for the expected increase in value is classified as a assets.

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