Why are supplies and inventory not considered plant assetsSo

Why are supplies and inventory not considered plant assets?

Solution

Plant assets is that assets which is used more than one year and used in producing operating revenues. But supplies and inventory is not assets which is used for producing revenue. but it is as current assets because generally it used in less than one year

Why are supplies and inventory not considered plant assets?SolutionPlant assets is that assets which is used more than one year and used in producing operating

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