Homework Answers
The correct option is
- c. Original cost less Accumulated Depreciation
Explanation:
- Property, Plant & Equipment is a tanigable fixed asset which is shown on the assets side of balance sheet.
- Depreciation is an non cash expense, need to be charged on the assets over the passage of time.
- Conventionally in Balance sheet, the fixed assets should be presented at their book values,i.e., Original cost less Accumulated depreciation
- Even though the fair market value of such asset is higher, we should present at their book value.
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