Plant Assets Are Defined As

Multiple Choice

Plant assets are defined as:

A) Current assets.
B) Tangible assets that have a useful life of more than one accounting period and are used in the operation of a business.
C) Intangible assets used in the operations of a business that have a useful life of more than one accounting period.
D) Tangible assets used in the operation of business that have a useful life of less than one accounting period.
E) Held for sale.