Total assets on the balance sheet include
A)current assets + fixed assets + depreciation.
B)current assets - fixed assets - depreciation.
C)current assets - fixed assets + depreciation.
D)current assets + fixed assets - depreciation.
E)None of the above are correct.

Question

Quizplus · Accepted Answer

Total assets on the balance sheet are the sum of current assets and fixed assets, and since depreciation is subtracted from fixed assets, the correct formula is current assets + fixed assets - depreciation.

Total Assets on the Balance Sheet Include