LO $13-1$

g$.$ Which of the following statements is not typical of property, plant, and equipment as compared to most current asset accounts?

$(1)$ A property, plant, and equipment cutoff error near year$-$end has a more significant effect on net income.

$(2)$ Relatively few transactions occur in property, plant, and equipment during the year.

$(3)$ The assets involved with property, plant, and equipment ordinarily have relatively longer lives.

$(4)$ Property, plant, and equipment accounts typically have a higher dollar value.