Land Is Generally Included in Property, Plant, and Equipment EXCEPT

question 57

Multiple Choice

Land is generally included in property, plant, and equipment EXCEPT when

• A) it is not yet ready for use.
• B) it is held for resale by land developers.
• C) it includes a building that must be demolished.
• D) special amounts are assessed for local improvements such as sewers.

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Definitions:

Junction Field

A term used in databases referring to a field that connects two tables together in a many-to-many relationship.

Field Size

The maximum amount of data that can be stored in a database field, often measured in characters or bytes.

State Field

A data field specifically used for storing the state portion of an address or geographical information in databases and applications.

Decimal Places Property

A numerical setting that determines the number of digits to the right of the decimal point in a numeric value.