A physical item that is owned by an entity and is reported on its balance sheet (statement of financial position)...

It stands for property, plant and equipment; a category of tangible items/ tangible assets that an entity holds for the...

It stands for property, plant and equipment; a category of tangible items/ tangible assets that an entity holds for the...

A category of tangible items/ tangible assets that an entity holds for the purpose of using them in the production...