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The New Deal is a used-car dealership that owns following four assets: 1. Cars and vans which they plan to sell to customers 2.

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The New Deal is a used-car dealership that owns following four assets: 1. Cars and vans which they plan to sell to customers 2. A van which is used to provide courtesy rides to customers who are having their cars serviced at the dealership. 3. A show room used to display some of the more high-end vehicles for sale 4. A building and land which was purchased as an investment which are not used in the company's operations. Which of the four assets are plant assets? Items 1, 3 and 4 are plant assets. Items 2 and 3 are plant assets. Items 3 and 4 are plant assets. Items 1 and 2 are plant assets.

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