Property, plant and equipment
Stand-alone asset
1/1/X1, XYZ bought a production machine #123 for 60,000.
For simplicity, this example does not discuss any additional costs such as agent's fees, transportation, installation, break-in, development, disposal, interest, etc.
The following (self-manufactured asset) example does.
It estimated the machine would be useful for 12 years and could be sold for 9,000.