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Section 3061 - Property, Plant and Equipment

Identifiable tangible assets that meet all of the following criteria:

  • Are held for use in the production or supply of goods and services, for rental to others, for administrative purposes or for the development, construction, maintenance or repair of other property, plant and equipment;
  • Have been acquired, constructed or developed with the intention of being used on a continuing basis; and
  • Are not intended for sale in the ordinary course of business.

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