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Is "Furniture" included in property, plant, and equipment????

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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June 9, 2015 at 10:49 pm #255831
royalstella
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When I study the statement of financial position.
Furniture is included in Property, plant, and equipment.
BUT, I think Furniture could be in supplies.
what is the difference between supplies and PPE???
June 10, 2015 at 7:38 am #255883
John Moffat
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I have never seen the word supplies used. The word suggests goods bought to be re-sold which would be inventory.
Furniture is a non-current asset and is included either as Fixtures and Fittings, or as PPE. More usually the first.
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