Plant assets are ordinarily presented in the balance sheet
A)at current market values.
B)at replacement costs.
C)at cost less accumulated depreciation.
D)in a separate section along with intangible assets.

Question

Quizplus · Accepted Answer

Plant assets are typically presented on the balance sheet at their historical cost minus accumulated depreciation, reflecting their book value rather than current market value or replacement cost.

Plant Assets Are Ordinarily Presented in the Balance Sheet