Respuesta :
Plant assets purchased as a group in a single transaction for a lump-sum price are allocated the purchase price based on their relative market values.
What are plant assets?
Plant assets can be understood as a group of assets used in an industrial process, such as a foundry, factory, or workshop. These assets are a subset of the classification of the fixed asset. This includes such other asset types as vehicles, office equipment, and intangible assets.
Plant assets fulfil the usual criteria for a fixed asset, which means that their initial cost exceeds the capitalization limit of the entity, and they are expected to be used for at least one year. They must also be reviewed for impairment at regular intervals.
This classification is rarely used, having been superseded by such other asset classifications as Buildings and Equipment.
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