All companies have fixed assets that are necessary for their activity. Property, plant and equipment is a long-term asset used to operate the business over several years. Tangible fixed assets will allow the company to produce products and services. For example, here is a list of assets that are frequently found among property, plant and equipment:
Field
The building
The parking
Factory
The warehouse
Material or equipment
office furniture
machinery
tooling
Computer equipment
Rolling stock (truck, automobile, tractor, etc.)
The characteristics of property, plant and equipment are as follows:
They have a physical existence, but they are not incorporated into the product;
They have a relatively long lifespan;
They are acquired for the operation of the business and not to be resold.
