Property, Plant and Equipment are conventionally presented in the Balance Sheet at _________?
AOriginal cost adjusted for general price-level changes
BReplacement cost – Accumulated Depreciation
CHistorical cost – Salvage Value
DHistorical cost – Depreciation portion thereof
Correct answer
D. Historical cost – Depreciation portion thereof
Explanation
Historical cost – Depreciation portion thereof is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.