Long-lived assets,such as equipment,are reported at their ______ value on the balance sheet.

Name: Long-lived assets,such as equipment,are reported at their ______ value on the balance sheet.
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Long-lived assets, such as equipment, are reported at their carrying value, which is the original cost of the asset minus any accumulated depreciation. Fair market value and insurable value may be relevant for insurance purposes, but on the balance sheet, carrying value is the appropriate reporting method.

Long-Lived Assets,such as Equipment,are Reported at Their ______ Value on the Balance