An expenditure for property, plant, and equipment that is properly charged to an asset account.
Cruising
The inspection of a tract of forestland for the purpose of estimating the total lumber yield.
Revenue expenditure
An expenditure for property, plant, and equipment that is properly charged to an expense account.
Work order
A serially numbered accounting document authorizing the acquisition of plant assets. A separate series of retirement work orders may be used to authorize the retirement or disposal of plant assets, and a third variety consists of documents authorizing repair or maintenance of plant assets.
