Fixed assets are listed on the business balance sheet at the and on the individual's
Statement of financial position at the .
A) price paid for the asset; price paid for the asset
B) current market value; current market value
C) current market value; price paid for the asset
D) price paid for the asset; current market value

Question

Quizplus · Accepted Answer

Fixed assets are recorded on a business balance sheet at their historical cost (price paid), while on an individual's financial statement, they are often listed at their current market value.

Fixed Assets Are Listed on the Business Balance Sheet at the and on the Individual's