Examveda
Examveda

In balance sheet, fixed assets are shown at

A. Cost price

B. Market value

C. Fair value

D. Written Down Value (WDV)

Answer: Option D

Solution(By Examveda Team)

In balance sheet, fixed assets are shown at Written Down Value (WDV). If the asset is not impaired and the company operates under GAAP, then the cost model must be used.

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