Property, plant, and equipment are listed on the balance sheet at

Name: Property, plant, and equipment are listed on the balance sheet at
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Property, plant, and equipment are listed on the balance sheet at cost less accumulated depreciation. This means that the original cost of acquiring the asset is reduced by the amount of accumulated depreciation that has been charged against it. This provides a more accurate reflection of the true value of the asset and its remaining useful life.

Property, Plant, and Equipment Are Listed on the Balance Sheet