Question - The treatment of Property, Plant, and equipment. These items are not considered current assets, because the company intends to keep them for a long period of time. When we account for these long term items, we must consider many things. What should be included in the costs that are "capitalized" for these items? Once we determine a value for the asset, we have to find a way to "allocate" or "depreciate" this cost over time. What are some of the depreciation methods available? How do we calculate them?