Answer:
Plant assets are property, plant and equipment that are tangible.
Plant assets are difficult to convert to cash quickly.
Plant assets are equipment and other assets that have a life greater than one year.
Explanation:
As we know that there are three kinds of assets that are as follows
1. Current assets: These assets are those which are converted into cash within one year. Like inventory, cash, account receivable etc
2. Fixed assets: These assets are those that are difficult to convert into cash and also the life of the asset is more than one year
It involves plant & machinery, furniture & fixtures, etc
3. Intangible assets: These assets are those assets that cannot be seen or even touched like copyrights, patents, trademarks, etc
Therefore the above 3 statements should be considered
