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What does property, plant and equipment mean?

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property, plant and equipment
(PP&E)
Noun


Noncurrent assets such as land, buildings, machinery and equipment, furniture and fixtures, and leasehold improvements that are acquired by a business for long-term, continued use in the production of income rather than for resale.

Synonym(s): 
  • capital asset; fixed capital; long-lived asset; long-term asset; non-current asset; plant and equipment.
  • [BE]: tangible fixed asset
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