Companies may disclose in the balance sheet or the notes to the financial statements the major classes of assets and accumulated depreciation.

Question

Quizplus · Accepted Answer

It is true that companies may disclose in the balance sheet or the notes to the financial statements the major classes of assets and accumulated depreciation. This helps investors and other stakeholders better understand the composition and depreciation of a company's asset base.

Companies May Disclose in the Balance Sheet or the Notes