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Plant assets are: multiple choice held for sale in the ordinary course of business. intangible assets used in the operations of a business that have a useful life of more than one accounting period. tangible
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28 votes
Plant assets are: multiple choice held for sale in the ordinary course of business. intangible assets used in the operations of a business that have a useful life of more than one accounting period. tangible assets used in the operation of business that have a useful life of less than one accounting period. tangible assets used in a company's operations that have a useful life of more than one accounting period.

User Consprice
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22 votes

Answer:

tangible assets used in a company's operations that have a useful life of more than one accounting period.

Step-by-step explanation:

Plant asset also known as fixed asset are assets that have a useful life of one than one year or more than one accounting period. Plant assets are usually recorded in the balance sheet. Plant assets are subject to depreciation. Depreciation reduces the carrying value of the plant asset. Depreciation expenses are recorded in the income statement

Plant assets are usually tangible assets.

Plant assets are used in generating revenue for a firm.

examples of plant assets are :

  1. Machines
  2. Land (land is not depreciated)
  3. Furniture
  4. Vehicles
User Hauke Mallow
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