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What Are Plant Assets?

By Sam Swenson, CFA, CPAUpdated Dec 13, 2024 at 9:46 AM

Key Points

  • Plant assets are long-term fixed assets used in production, such as machinery and land.
  • These assets are recorded at cost minus depreciation, impacting balance sheet values.
  • Depreciation affects both the asset's balance sheet value and a company's net income.

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