Companies commonly report the carrying value of property,plant,and equipment in total or by major class of long-term assets on the balance sheet.

Question

Quizplus · Accepted Answer

This statement is true. Companies commonly report the carrying value of property, plant, and equipment in total or by major class of long-term assets on the balance sheet. This information is useful for investors and creditors to assess the overall value of a company and its assets.

Companies Commonly Report the Carrying Value of Property,plant,and Equipment in Total