The term property, plant and equipment assets refers to long-lived assets acquired for use in business operations, rather than for resale to customers.

Question

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Property, plant and equipment assets are tangible assets that are purchased or leased for long-term use in business operations, such as land, buildings, machinery, vehicles, and furniture. These assets are not intended for resale to customers, but rather are integral to the production of goods or services offered by the business.

The Term Property, Plant and Equipment Assets Refers to Long-Lived