Response to the following problem:
Inclusion in Property, Plant, and Equipment
Which of the following does a company include in property, plant, and equipment on the balance sheet?
1. Idle equipment awaiting sale
2. Land held for future use as a plant site
3. Land held for investment
4. Deposits on machinery not yet received
5. Progress payments on building being constructed by a contractor
6. Fully depreciated assets still being used
7. Leasehold improvements
8. Assets leased to others