Property, Plant and Equipment definition

Property, Plant and Equipment means any item of real property, or any interest therein, buildings, improvements and machinery.

Property, Plant and Equipment. (PPE) means tangible assets that:

Property, Plant and Equipment means at any time any property that then would be included and classified as property, plant and equipment on a consolidated balance sheet prepared in accordance with GAAP of the Company and the Company Subsidiaries.

Examples of Property, Plant and Equipment in a sentence

• Assets that have physical substance and are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes and that are expected to be used during more than one financial year are classified as Property, Plant and Equipment.

• At the commencement of the lease, the carrying amount of the asset in the Balance Sheet (whether Property, Plant and Equipment or Assets Held for Sale) is written off to the Other Operating Expenditure line in the Comprehensive Income and Expenditure Statement as part of the gain or loss on disposal.

• The Account also contains revaluation gains accumulated on Property, Plant and Equipment before 1 April 2007, the date that the Revaluation Reserve was created to hold such gains.

• Recognition Expenditure on the acquisition, creation or enhancement of Property, Plant and Equipment is capitalised on an accruals basis, provided that it is probable that the future economic benefits or service potential associated with the item will flow to the Council and the cost of the item can be measured reliably.

• Property, Plant and Equipment recognised under finance leases is accounted for using the policies applied generally to such assets, subject to depreciation being charged over the lease term if this is shorter than the asset’s estimated useful life (where ownership of the asset does not transfer to the Council at the end of the lease period).

More Definitions of Property, Plant and Equipment

Property, Plant and Equipment means those assets included within such classification as reflected on the consolidated balance sheets contained as a part of the Consolidated Financial Statements of the Corporation and Subsidiaries, that are utilized in or associated with the Corporation's ordinary and regular course of construction activities, excluding any of such assets that are owned by joint ventures, partnerships, limited liability companies or other similar entities in which an entity unaffiliated with the Corporation is also a joint venture party, partner, member or owner.

Property, Plant and Equipment. (PPE) means tangible capital assets used for the powers and functions allocated to the Municipality in terms of the Constitution that:

Property, Plant and Equipment means, as applied to any Person, as of any date of determination, its “property, plant and equipment,” as determined in accordance with GAAP, and the value of Property, Plant and Equipment shall mean its aggregate gross book value less depreciation and depletion.

Property, Plant and Equipment means physical assets including, without limitation, furniture, fixtures, displays, machinery and equipment, computer hardware and software and automobiles, owned by the Seller and used in the Business, as determined in accordance with GAAP.

Property, Plant and Equipment means any item of real property, or any interest therein, buildings, improvements and machinery. “Proposed Increased Commitment” has the meaning specified in Section 2.19(c).

Property, Plant and Equipment means all Property of the District which is property, plant and equipment under generally accepted accounting principles.

Property, Plant and Equipment means those assets included within such classification as reflected on the consolidated balance sheets contained as a part of the Consolidated Financial Statements of the Corporation and Consolidated Subsidiaries, that are utilized in or associated with the Corporation's ordinary and regular course of construction activities.