What do accountants call items such as trucks and machinery?

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1036426

2026-03-16 16:30

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Accountants refer to items such as trucks and machinery as "fixed assets" or "property, plant, and equipment" (PP&E). These assets are long-term resources used in the production of goods and services and are not intended for resale. They are typically recorded on the balance sheet at their purchase cost and depreciated over time to reflect their usage and wear.

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