Which statement correctly sets out the two conditions in the definition of property, plant and equipment?Your answerAA tangible asset acquired for consideration whose cost exceeds a materiality threshold set by the entity.BA tangible asset legally owned by the entity that it could sell on an active market.CA tangible item held for use in the production or supply of goods or services, for rental to others or for administrative purposes, and expected to be used during more than one period.DA tangible item held for production or administrative purposes, regardless of how long it will be used.Submit