Property, plant and equipment are:
A) Current assets.
B) Used in operations.
C) Natural resources.
D) Long-term investments.
E) Intangible.

Question

Quizplus · Accepted Answer

Property, plant and equipment are long-term tangible assets that are used in the operations of a business, such as land, buildings, and equipment. They are not current assets that can be easily converted into cash, nor are they natural resources like oil or minerals. They are also not long-term investments or intangible assets like patents or trademarks.

Property, Plant and Equipment Are