Property, Plant and Equipment (PPE)

They are tangible assets that serve more than one financial period, such as cars, buildings, equipment, etc. It is consumed annually by the amount of annual depreciation expenses in the income statement as expenses and to accumulated depreciation as an account against Property, Plant and Equipment, and its also known as fixed assets.

- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.

- Example: Teams reference **Property, Plant and Equipment (PPE)** when defining terms in manuals, policies, or training materials.

- Why it matters: Improves clarity and consistency across documentation and decision-making.