One characteristic of plant assets is that they are:

Question

Quizplus · Accepted Answer

Plant assets are tangible assets used in the operations of the business, such as land, buildings, equipment, and vehicles. They are expected to provide benefits for a period of more than one year, and are therefore classified as long-term assets. They are different from natural resources, which are also long-term assets but are depleted over time with use, and from current assets, which are expected to be converted to cash within a year.

One Characteristic of Plant Assets Is That They Are