Property, plant, and equipment are ordinarily presented on the statement of financial position
A) at fair values.
B) at replacement cost.
C) at cost less accumulated depreciation.
D) in a separate section along with investments.

Question

Quizplus · Accepted Answer

Property, plant, and equipment are typically presented on the statement of financial position at cost less accumulated depreciation, reflecting their historical cost adjusted for depreciation over time.

Property, Plant, and Equipment Are Ordinarily Presented on the Statement