Question

what is machinery account ​

Answer 1

Machinery is part of the property, plants and equipment, or PP&E, account on the balance sheet. PP&E has a useful life of longer than one year, so PP&E , machinery included, is a list of non current assest on a company's balance sheet.

Answer 2

machinery account:-

Machinery is part of the property, plants, and equipment, or PP&E, account on the balance sheet.

PP&E has a useful life of longer than one year, so PP&E, machinery included, is list as a non-current asset on a company’s balance sheet.Equipment is a noncurrent or long-term asset account which reports the cost of the equipment. Equipment will be depreciated over its useful life by debiting the income statement account Depreciation Expense and crediting the balance sheet account Accumulated Depreciation (a contra asset account).