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Unformatted text preview: affiliates and subsidiaries. Property, plant and equipment are the long-term or noncurrent asset section of the sheet. Included in this arrangement, which includes land, buildings, delivery equipment, and furniture, which are used within a business. In addition is the accruing decrease for some these assets. Several businesses have resources that do not have substantial material yet frequently are extremely expensive. These resources are known as intangible assets. These include patents, and trademarks that provide the business elite use for a specific time. At times, intangible assets are accounted for under a broader heading called other assets. Reference Kimmel, P., Weygandt, J., & Kieso, D. (2003). Essentials of accounting: Tools for business decision making (2nd ed.). Hoboken, NJ: Wiley....
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- Winter '10