Property, Plant and Equipment definition

Property, Plant and Equipment means any item of real property, or any interest therein, buildings, improvements and machinery.
Property, Plant and Equipment means at any time any property that then would be included and classified as property, plant and equipment on a consolidated balance sheet, prepared in accordance with GAAP, of the Company and the Company Subsidiaries.
Property, Plant and Equipment. (PPE) means tangible assets that:

Examples of Property, Plant and Equipment in a sentence

  • ASC No. 360, Property, Plant and Equipment and Long-lived Assets also requires that intangible assets with estimable useful lives be amortized over their respective estimated useful lives, and reviewed for impairment whenever events or changes in circumstances (triggering events) indicate that the carrying amount may not be recoverable.

  • Recognition Expenditure on the acquisition, creation or enhancement of Property, Plant and Equipment is capitalised on an accruals basis, provided that it is probable that the future economic benefits or service potential associated with the item will flow to the Council and the cost of the item can be measured reliably.

  • In other words, depreciation is an allocation process in order to achieve the matching principle; it 19 Per SFFAS 35 as it amended SFFAS 6, Accounting for Property, Plant, and Equipment.

  • The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment.

  • The title deeds of immovable properties included under the head Property, Plant and Equipment in the financial statements have been lodged with the lenders for working capital facility as security, we have not been provided with confirmation by the lenders in respect of holding of these title deeds as at the year end.


More Definitions of Property, Plant and Equipment

Property, Plant and Equipment means those assets included within such classification as reflected on the consolidated balance sheets contained as a part of the Consolidated Financial Statements of the Corporation and Subsidiaries, that are utilized in or associated with the Corporation's ordinary and regular course of construction activities, excluding any of such assets that are owned by joint ventures, partnerships, limited liability companies or other similar entities in which an entity unaffiliated with the Corporation is also a joint venture party, partner, member or owner.
Property, Plant and Equipment means all Property of the District which is property, plant and equipment under generally accepted accounting principles.
Property, Plant and Equipment means any item of real property, or any interest therein, buildings, improvements and machinery. “Proposed Increased Commitment” has the meaning specified in Section 2.19(c).
Property, Plant and Equipment means those assets included within such classification as reflected on the consolidated balance sheets contained as a part of the Consolidated Financial Statements of the Corporation and Consolidated Subsidiaries, that are utilized in or associated with the Corporation's ordinary and regular course of construction activities.
Property, Plant and Equipment means, as applied to any Person, as of any date of determination, its “property, plant and equipment,” as determined in accordance with GAAP, and the value of Property, Plant and Equipment shall mean its aggregate gross book value less depreciation and depletion.