Property, plant and equipment

Property, plant and equipment are tangible assets held for use in production, supply, rental or administration and expected to be used over more than one period. Initial cost can include purchase price and directly attributable costs of bringing the asset to the location and condition needed for use. Once available for use, allocate depreciable amount over useful life and consider any required impairment or disposal adjustment. Land and buildings are accounted for separately even when they are acquired together.