How are tangible long-lived assets' acquisition cost and accumulated depreciation disclosed?
A)Tangible long-lived assets typically appear under the title Property, Plant, and Equipment.
B)Information is displayed on the balance sheet.
C)Tangible long-lived assets typically appear under noncurrent assets.
D)Acquisition cost and accumulated depreciation are omitted from the balance sheet but are detailed in the notes.
E)all of the above

Question

Quizplus · Accepted Answer

Tangible long-lived assets typically appear under the title Property, Plant, and Equipment as noncurrent assets on the balance sheet. The acquisition cost and accumulated depreciation are disclosed in the notes to the financial statements, providing additional information on the asset. Therefore, all of the given options are correct.

How Are Tangible Long-Lived Assets' Acquisition Cost and Accumulated Depreciation