For each financial statement item listed below, identify in which balance sheet category (listed in a through h) it should be reported.You may use each letter more than once or not at all.
-Accumulated depreciation
A) Current assets
B) Long-term investments
C) Property, plant, and equipment
D) Intangible assets
E) Current liabilities
F) Long-term liabilities
G) Shareholders' equity
H) Not disclosed on the balance sheet

Question

Quizplus · Accepted Answer

Accumulated depreciation is reported under the category of Property, Plant, and Equipment (C) on the balance sheet as it reflects the total depreciation expense that has been recorded against a company's assets over their useful lives.

For Each Financial Statement Item Listed Below, Identify in Which