Property, plant, and equipment are ordinarily presented on the statement of financial position
A)at fair values.
B)at replacement cost.
C)at cost less accumulated depreciation.
D)in a separate section along with investments.

Question

Quizplus · Accepted Answer

Property, plant, and equipment are typically presented on the statement of financial position at their historical cost less any accumulated depreciation. This reflects the wear and tear, age, and usage of the assets over time, providing a net book value.

Property, Plant, and Equipment Are Ordinarily Presented on the Statement