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Fixed Asset
(redirected from Property, plant, and equipment)

   Also found in: Financial, Acronyms, Wikipedia 0.03 sec.

Property, such as machinery or buildings, utilized in a business that will not be used or liquidated during the current fiscal period.



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GAO was asked to review (1) RTO expenses and key investments in property, plant, and equipment from 2002 to 2006, the most current data available; (2) how RTOs and FERC review RTO expenses and decisions that may affect electricity prices; and (3) the extent to which there is consensus about RTO benefits.
An exposure draft of a proposed statement of position, Accounting for Certain Costs and Activities Related to Property, Plant, and Equipment, has been issued by the Accounting Standards Executive Committee.
The Federal Accounting Standards Advisory Board has issued an exposure draft of a proposed statement of recommended accounting standards, Accounting for Property, Plant, and Equipment.
 
 
 
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