Equipment would be reported on the balance sheet as a(n):

Name: Equipment would be reported on the balance sheet as a(n):
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

Property, plant, and equipment assets are long-term assets that are tangible and used for the production of goods or services. They are reported on the balance sheet at their historical cost less any accumulated depreciation. Thus, D is the correct option. A, B, and C are not appropriate options for reporting equipment.

Equipment Would Be Reported on the Balance Sheet as A(n)