Classes of Property, Plant and Equipment Do Not Include Which

question 17

Multiple Choice

Classes of property, plant and equipment do not include which of the following?

• A) Office equipment
• B) Furniture and fittings
• C) Inventories
• D) Land and buildings

---

Definitions:

Inflation Rate

The rate at which the general level of prices for goods and services is rising and, subsequently, purchasing power is falling.

Market Basket

A selected set of goods and services used to track changes in prices and inflation over time, representing the typical consumption of a household.

CPI

A gauge of the weighted average cost of a selection of consumer goods and services, including transportation, healthcare, and food, known as the Consumer Price Index.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services.