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Someone covered up the toby box

Indeed..


Of course you meant their assets, the plant is only leased or rented short term
Unsure what you mean.

A business can lease plant but not all plant is leased. Cable plant owned by a business is an asset. OSP / outside plant covers the fibre and physical infrastructure carrying it. In CityFibre's case they're responsible for maintaining the bits they built with some OSP leased from Openreach and others who retain responsibility for its maintenance. Everything not leased they are responsible for and may consider an asset. Hence my referring to business maintaining their plant as maintaining someone else's without payment would be a strange choice.
 
A business can lease plant but not all plant is leased.
That's true of course, but rare ...

The distinction is that assets are owned by the company and amortized over the long(er) term, <plant> generally refers to machinery or equipment that is leased/rented/borrowed or stolen over the short term and more often than not owned by someone else...

Kinda think that's what you're saying ... :)
 
That's true of course, but rare ...

The distinction is that assets are owned by the company and amortized over the long(er) term, <plant> generally refers to machinery or equipment that is leased/rented/borrowed or stolen over the short term and more often than not owned by someone else...

Kinda think that's what you're saying ... :)
Not at all. Whether in accounting terms: described in the US as property, plant and equipment or the UK as plant and machinery, telecoms terms as cable plant or anything else I've never heard plant referred to that way. Plant is a long-term illiquid asset on the balance sheet.

I'm aware of firms offering plant hire: that's nothing to do with the plant in the ground, in cabinets or on poles that altnets use. That's more about the 'machinery' part of 'plant and machinery' and doesn't change the definition of 'plant' any more than that being able to rent changes the definition of 'property'.


 
Pedant alert!

:eek:

(In all practical terms, the terms used are UK manufacturing industry current. The mere mention of the US invalidates your argument, and your sources..)
 
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