Plants and equipment are considered long-term fixed assets because they are tangible assets used in business operations for a long period. They are not intended for immediate sale and provide value over multiple accounting periods, forming a core part of... Read More
Plants and equipment are considered long-term fixed assets because they are tangible assets used in business operations for a long period. They are not intended for immediate sale and provide value over multiple accounting periods, forming a core part of a company’s capital structure.
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