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
Answer: Option D
Solution(By Examveda Team)
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.This Question Belongs to Commerce >> Accounting
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