U.S.Generally Accepted Accounting Principles permits the presentation of plant assets at their fair market value.

Name: U.S.Generally Accepted Accounting Principles permits the presentation of plant assets at their fair market value.
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U.S. Generally Accepted Accounting Principles (GAAP) does not permit the presentation of plant assets at their fair market value. Instead, GAAP requires plant assets to be presented at their historical cost less accumulated depreciation.

USGenerally Accepted Accounting Principles Permits the Presentation of Plant Assets