Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 5 - Balance Sheet and Statement of Cash Flows - Questions - Page 279: 16e

Answer

Land should appear under the property, plant, and equipment (PPE) unless it is held for investment

Work Step by Step

Property, plant, and equipment is the non-current or long-term section of the balance sheet under which all fixed assets such as land should appear.
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