Which of the following accounts would not be reported in the Property,Plant,and Equipment section of a balance sheet?
A)Accumulated Depreciation-Buildings
B)Buildings
C)Depreciation Expense-Buildings
D)Land

Question

Quizplus · Accepted Answer

Depreciation Expense-Buildings is not a physical asset and therefore would not be reported in the Property, Plant, and Equipment section of a balance sheet. The other options (Accumulated Depreciation-Buildings, Buildings, and Land) are all physical assets and would be reported in this section.

Which of the Following Accounts Would Not Be Reported in the Property,Plant,and