 Hello, in this lecture, we're going to define plant assets. According to fundamental accounting principles, while 22nd edition, the definition of plant assets is tangible, long lived assets used to produce or sell products and services, also called property plants and equipment, P P and E, or fixed assets. So we're talking about long lift assets, we are talking, of course, about assets. And the reason we have assets is in order to achieve the goal of the business, generally that goal to be to generate revenue, meaning we're going to sell products or have services that will go toward that end goal of generating revenue, often call this property plants and equipment, as well as plant assets. If we think about some examples, we can think about something like a boat that would be something that would be bought and be an asset rather than being spent when what's purchased if we're to use the boat in order to help us generate revenue, we can think of a plant that would be a fixed asset, we would buy the plant, where presumably we would make things possibly like inventory. Therefore, the plant assets is there for a long lived asset, and it would not be expensive would be depreciated over the time period. A car that would be used in the business would be a type of property plants and equipment. So about a computer equipment or electronics, again, this could be something that would be used for the future and have a longer time period of life and therefore should be expense or depreciated over a useful life, land would be a more long term asset as well, as well as things like a building where we would be doing things within the building in order to help us to generate revenue in the future through the helping to produce products or to provide services.