Land used as a plant site Property, plant and equipment
Land held for a currently undetermined use Investment property Land held definitely as a future plant site Property, plant and equipment Land held for long-term capital appreciation Investment property Land held for current sale (real estate developer) Current Asset Inventory Land improvements additions to cost not subject to depreciation (cost of surveying, clearing, grading, levelling, landfill, subdividing) Land Land improvements subject to depreciation (depreciated over useful life) Land Improvements Special assessments taxes paid by landowner as a contribution to cost of public improvements Land Real property taxes Expense Unpaid real property taxes Building (Capitalized to date of acquisition) Sidewalks, pavements, parking lot, driveways Part of Blueprint Building Sidewalks, pavements, parking lot, driveways not in connection of new building Land Improvements Cost of insurance (Building) Building Payment for damages Expense Building fixtures immovable Building Building fixtures movable Furniture and Fixtures, depreciated Ventilating system, lighting system, elevator installed during construction Building Ventilating system, lighting system, elevator not installed during construction Building Improvements (depreciated over UL or remaining life of building, shorter) Land + Building - Single Cost Relative fair value Land + Old building to be razed Land Cost of razing old building salvage value Land Payment to tenants (Building owned by entity leased to tenants and demolished) CV (old building) cost of demolishing = lost on retirement of old building New Building Machinery moved to new location Undepreciated cost of old installation cost Expense New installation cost - Machinery Removal cost Expense Value added Tax Input tax (offset against output tax) Irrecoverable purchase tax Machinery/cost of asset Tools Machine tools operation of machine Hand tools not used Tools Patterns and dies - Designing or forging out particular product Regular products Asset Specially ordered products Expense (cost of special product) Motor vehicle registration Expense Returnable containers Big units/great bulk Property, plant and Equipment Returnable containers Small and individually small amounts Noncurrent Assets Returnable containers Not returnable Expense Cost of Addition Capitalized, depreciated over useful life Cost of Expansion Capitalized, depreciated over useful life or remaining life of asset, shorter Improvements or betterments Capitalized Improvements or betterments no replacement Cost of existing asset Extraordinary repairs Capitalized Ordinary repairs Expense Repair and maintenance Repair and maintenance Repair and maintenance day to day servicing Profit or loss Rearrangement cost Undepreciated cost of original installation cost Expense Accumulated depreciation - Cancelled Capitalized, amortized over remaining life Major Replacement separately identifiable Asset