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Why are supplies and inventory not considered plant assets?
Solution
Plant assets is that assets which is used more than one year and used in producing operating
revenues. But supplies and inventory is not assets which is used for producing revenue. but it is
as current assets because generally it used in less than one year

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Why are supplies and inventory not considered plant assetsSolut.pdf

  • 1. Why are supplies and inventory not considered plant assets? Solution Plant assets is that assets which is used more than one year and used in producing operating revenues. But supplies and inventory is not assets which is used for producing revenue. but it is as current assets because generally it used in less than one year