Construction
Plant & Equipment Purchase (Owned)
Buying a construction excavator or concrete mixer for use across multiple projects.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Plant & Machinery (Fixed Asset) | Asset (+) | 150,000.00 | - |
| Cash / Loan Payable | Asset/Liability (-) | - | 150,000.00 |
💡 Accountant's Note
Owned plant is a fixed asset depreciated over its useful life. The depreciation (not the purchase cost) is allocated to projects as a usage charge.
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