Under U.S.GAAP,which of the following is NOT an acceptable way to report plant assets?

Question

Quizplus · Accepted Answer

Under U.S.GAAP, reporting plant assets at fair market value is generally not an acceptable way. The acceptable ways to report plant assets are either at book value or as a single amount with a note to the financial statements that provides detailed information. Detailed information on the face of the balance sheet may be provided, but it is not necessary.

Under USGAAP,which of the Following Is NOT an Acceptable Way to to Report