Question

The cost of property, plant, and equipment does not include?

1) Land
2) Buildings
3) Machinery
4) Inventory

Answer 1

The cost of property, plant, and equipment does not include inventory. Property, plant, and equipment include land, buildings, and machinery.

Step-by-step explanation:

The cost of property, plant, and equipment does not include inventory. Inventory refers to the goods that a business has produced but has not yet sold to consumers, and are still sitting in warehouses and on shelves. Property, plant, and equipment, on the other hand, include land, buildings, and machinery. These are the physical assets that a business owns and uses in its operations.