According to GAAP, fixed assets are typically recorded on the balance sheet at:

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According to GAAP, fixed assets are typically recorded on the balance sheet at historical cost less depreciation. This means that the original cost of the asset when it was acquired is recorded on the balance sheet, and then depreciation is subtracted from that amount over time as the asset is used. This method is considered more objective and reliable than valuing assets at market value or salvage value.

According to GAAP, Fixed Assets Are Typically Recorded on the Balance