Define, describe, and characterize the attributes of the two accounts that are used in the accounting and reporting of Property, Plant, and Equipment. First, thoroughly define and give the attributes of the main asset account. Next, identify, define, and provide the attributes of the second account used to value the first account. Thoroughly explain how this second account valuates the first account. Last, describe how Property, Plant, and Equipment is reported on a company’s balance sheet, including how and why PPE is reported in this manner.