Q270
Which of the following assets are shown at written down value in Balance sheet?
A.
Current assets
B.
Liquid asset
C.
Floating assets
D.
Fixed asset
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Fixed asset are shown at written down value in Balance sheet. If the asset is not impaired and the company operates under GAAP, then the cost model must be used.