A company’s balance sheet includes assets, liabilities, and owners’ equity. The company’s Property, Plant, and Equipment (PPE) section comprises the company’s tangible fixed assets.

A company separates the asset section on its balance sheet into multiple categories, which include:

  • Current Assets
  • Inventory
  • Investments and other long-term assets
  • Property, Plant, and Equipment (PPE)
  • Intangible Assets
  • Other Assets

The PPE account consists of physical assets (i.e., tangible assets) that are usually depreciable. These assets include machinery, buildings, computer equipment, vehicles, furniture & fixtures, and land.