Which classification fits the account "Trucks"?

The classification of "Trucks" fits into Property, Plant, and Equipment (PPE) because trucks are long-term tangible assets used in the operation of a business. They are employed to facilitate production, transportation, or delivery of goods and services, thus playing a crucial role in the daily operational activities of a business.

PPE consists of physical assets that have a useful life of more than one accounting period, typically over a year. Trucks are expected to provide value to the business over several years, making them appropriate for this classification. Additionally, they are recorded at cost and undergo depreciation to reflect their usage and reduction in value over time.

This classification is important for presenting a true and fair view of a company's financial position in the balance sheet, allowing stakeholders to understand the investment in physical assets that drive the business's operations.