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Property, Plant & Equipment
Tangible long-lived assets owned by a business for the purpose of producing goods or services and not intended for sale during the normal course of business.
Land Improvements
Enhancements made to a parcel of land to increase its value or utility, such as landscaping, fencing, or installing utilities, which are capitalized and depreciated over time.
Lease Improvements
These are modifications made to rental premises in order to tailor the space to the needs of the tenant.
Straight-Line Method
A method of allocating an asset's cost evenly over its useful life, commonly used in depreciation and amortization calculations.
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