The carrying amount of property, plant, and equipment
A) is always equal to its fair value.
B) is always greater than its fair value.
C) is always less than its fair value.
D) may be different than its fair value.

Question

Quizplus · Accepted Answer

The carrying amount of property, plant, and equipment is the value at which these assets are recognized on the balance sheet, which may differ from their fair value due to factors like depreciation, impairment, or market conditions.

The Carrying Amount of Property, Plant, and Equipment