The balance sheet for your company shows your assets, your liabilities and the owners' equity. Investments are listed as assets, but they're not all clumped together. Long-term investments on a balance sheet, for instance, are listed separately from short-term investments. Property, plant and equipment is the long-term asset or noncurrent asset section of the balance sheet that reports the tangible, long-lived assets that are used in the company's operations. These assets are commonly referred to as the company's fixed assets or plant assets. Generally, the property ... Sep 17, 2019 · Separate property is anything acquired before the marriage. There are a few other separate property exceptions like property inherited, or acquired from an injury. In the balance sheet, most assets or debts should be divided either “Community Husband”, or “Community Wife”. The balance sheet is important though even in a small operation. You need to know your basis in any asset you have and it is very important to know what debts you owe. If the only thing you really keep track of is income and expenses, then you may run into some trouble in an audit. Typically an audit starts with the balance sheet. Aug 29, 2019 · One of the most useful lines on a balance sheet for business owners and investors is the value of property, plant, and equipment (PP&E). Property, plant, and equipment represents the "fixed assets" of an enterprise.