Please do not answer discussion questions from books or other sources because the goal of this questions to discuss it and use your own words.

1. What characteristics of a property, plant, and equipment item make it different from other

assets, such as accounts receivable or inventory?

2. What are the characteristics of an intangible asset?

3. What are some examples of items to include in the cost of a property, plant, and equipment

purchase?

4. What is the balance sheet classification of land held for future expansion? Why is the land

not classified as property, plant and equipment?