Property, plant, and equipment are conventionally presented n the balance sheet at

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Property, plant, and equipment are conventionally presented on the balance sheet at acquisition cost less the depreciated portion thereof. This means that the cost of acquiring the asset is reduced by the amount of cumulative depreciation charged against it, resulting in its net book value. This convention provides a more accurate representation of the asset's current value on the balance sheet than using its original or replacement cost.

Property, Plant, and Equipment Are Conventionally Presented N the Balance