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Marrrta [24]
3 years ago
14

Which of the following do you NOT include when calculating the closing balance of PP&E?

Business
1 answer:
oksian1 [2.3K]3 years ago
8 0

Answer:

d) Changes in working capital

Explanation:

the formula used for calculating net PP&E is:

Net PP&E = gross PP&E + capital expenditures - accumulated depreciation

PP&E represents fixed assets (plant, property, and equipment).

On the other hand, working capital involves current assets and liabilities such as cash, accounts receivables, accounts payable, inventories, taxes payable, etc.

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Hello lil boy!

Queen Messy here!

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