Why is it that land held for future use and equipment not currently used in the business

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Why is it that land held for future use and equipment not currently used in the business are classified as investments rather than as property, plant, and equipment?

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Question Posted: Mar 26, 2014 08:02 AM

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Why is it that land held for future use and equipment not currently used in the business

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They are classified as investments because they are not use...View the full answer

Principles of Accounting

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