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.