Which statement best describes Property, Plant and Equipment?

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Property, Plant and Equipment are tangible assets that a business uses in its operations over more than one period. They’re physical resources—such as factories, machinery, office buildings, vehicles, and equipment—that support production, service delivery, or administrative functions, and they’re not held for sale in the ordinary course of business. Because they provide economic benefits for many years, these assets are shown as non-current on the balance sheet and are typically depreciated over their useful lives (land is usually not depreciated). This set of characteristics distinguishes PPE from intangible assets (like patents) and from current assets (like inventory or cash). The description that PPE are tangible assets used in production or for rental to others, or for administrative purposes, and expected to be used during more than one period, best matches their standard accounting definition.