Details about Property,Plant and Equipment,such as the age of plant assets and the types of plant assets,are typically reported ________.

Question

Quizplus · Accepted Answer

Details about Property, Plant, and Equipment are typically disclosed in a footnote to the financial statements. This footnote provides information about the types of plant assets, the cost of the assets, depreciation methods, depreciation expense, and other relevant information. These details are not reported on the balance sheet, income statement, or statement of cash flows.

Details About Property,Plant and Equipment,such as the Age of Plant