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Property, Plant and Equipment are tangible assets, including land that meet the following criteria:
- they have estimated useful lives of 2 years or more;
- they are not intended for sale in the ordinary course of operations; and
- they have been acquired or constructed with the intention of being used, or being available for use by the entity.
Property, Plant and equipment also includes:
- assets acquired through capital leases, including leasehold improvement;
- property owned by the reporting entity in the hands of others;
- land rights.
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