Posted Dec 17th, 2021 in Jargon


Since the start of the COVID-19 pandemic, everyone has heard this term – it means "personal protective equipment", right?  Well, if you worked in any health care field, it probably always meant that.  But, when we started hearing that term bandied about by news brokers, we accountants perked up and wondered why people were suddenly preoccupied by a shortage of "property, plant, and equipment" (AKA capital assets).  And we know capital assets are generally large, costly, and difficult to move, so how are governments procuring millions of such items and shipping them to hospitals? We clued in eventually...

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