Under GAAP, a company's manufacturing equipment is typically stated at

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Under GAAP (Generally Accepted Accounting Principles), manufacturing equipment is stated at historical cost, less accumulated depreciation, and also reduced by impairments, if any. This means that the equipment's initial cost is recorded and then subsequently reduced by its accumulated depreciation over its useful life. Impairments occur when the equipment's carrying value exceeds its recoverable amount, and in such cases, impairments are also taken into account while valuing accounting equipment.

Under GAAP, a Company's Manufacturing Equipment Is Typically Stated at