Which of the following is not a required disclosure for property,plant,and equipment?
A)the amount of depreciation expense for the period
B)the accumulated depreciation at the end of the fiscal year
C)the balances of depreciable assets by major classes at the end of the fiscal year
D)the acquisition cost of each material asset acquired during the fiscal year

Question

Quizplus · Accepted Answer

While disclosure of the acquisition cost of each material asset acquired during the fiscal year is helpful information, it is not a required disclosure for property, plant, and equipment. The other three choices (A, B, and C) are required disclosures for property, plant, and equipment.

Which of the Following Is Not a Required Disclosure for Property,plant,and