Net property,plant and equipment are reported on the balance sheet at
A)current market value.
B)historical cost.
C)historical cost minus accumulated depreciation.
D)net realizable value.

Question

Quizplus · Accepted Answer

Net property, plant, and equipment are reported on the balance sheet at historical cost minus accumulated depreciation. This reflects the original purchase cost of the assets adjusted for any depreciation that has occurred over time.

Net Property,plant and Equipment Are Reported on the Balance Sheet