Equipment would appear on the:
A) balance sheet with the current assets
B) income statement with the revenues
C) balance sheet with the non-current assets
D) income statement with the operating expenses

Question

Quizplus · Accepted Answer

Equipment is considered a non-current asset and would appear on the balance sheet under the non-current assets section. It is not considered a current asset as it is not expected to be converted to cash within one year. It would not appear on the income statement as it is not directly related to revenues or expenses.

Equipment Would Appear on The