Question: write in word 5-Answer the following: - a) Define property, plant and equipment (PPE). Discuss how PPE is different from other fixed intangible assets and

write in word 5-Answer the following: - a) Define property, plant and write in word

5-Answer the following: - a) Define property, plant and equipment (PPE). Discuss how PPE is different from other fixed intangible assets and inventory. (4 Marks) b) How can the cost of a plant be calculated? Explain with the help of a relevant example. (2 Marks) c) How to calculate cost of building asset with example? (2 Marks) d) Explain in detail Lump-sum asset purchase with example. (2 Marks)

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