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Homework answers / question archive / Plant assets are: Tangible assets used in the operation of a business that have a useful life of more than one accounting period Current assets Held for sale 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  

Plant assets are: Tangible assets used in the operation of a business that have a useful life of more than one accounting period Current assets Held for sale 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  

Finance

Plant assets are:

    1. Tangible assets used in the operation of a business that have a useful life of more than one accounting period
    2. Current assets
    3. Held for sale
    4. Intangible assets used in the operations of a business that have a useful life of more than one accounting period
    5. Tangible assets used in the operation of business that have a useful life of less than one accounting period

 

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Answer:

a . Tangible assets used in the operation of a business that have a useful life of more than one accounting period

Step-by-Step explanation

Plant assets are considered as non-current assets and these assets cannot be changed into cash in a time span of one year and useful in running the operation of business.

 

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