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Is The book value of a fixed asset reported on the balance sheet represents its market value on that date?
Wiki User
∙ 9y ago
It is false that the book value of a fixed asset reported on the balance sheet represents its market value on that date. Fixed assets are also known as tangible assets.
Wiki User
∙ 9y ago
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Prepaid advertising would be reported on the balance sheet as a?
An asset
Where is inventory is reported in financial statement?
Value of Inventory is an asset on the balance sheet.
Merchandise inventory is reported as a long-term asset on the balance sheet?
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Are Depreciation Expenses reported on the balance sheet as an addition to the related asset?
Depreciation or accumulated depreciation is deducted from related assets in balance sheet to show the net book value of asset.
The balance in the Accumulated Depreciation account represents the?
amount charged to expense since the acquisition of the plant asset.
Is book value reported on the balance sheet?
Yes book value of any asset is the value which is shown in balance sheet of company while market value is not shown anywhere it is the price which any asset is saleable in market.
Prepaid advertising would be reported on the balance sheet as a?
An asset
Merchandise inventory is reported as a long-term asset on the balance sheet?
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Where is inventory is reported in financial statement?
Value of Inventory is an asset on the balance sheet.
Is the depreciation expense reported on the balance sheet as an addition to a related asset?
True [Jabirshah] Depreciation is shown in balance sheet as a reduction from the actual cost of the assets in the balance sheet rather addition to related asset.
Are Depreciation Expenses reported on the balance sheet as an addition to the related asset?
Depreciation or accumulated depreciation is deducted from related assets in balance sheet to show the net book value of asset.
Can An intangible asset be reported on a balance sheet?
All assets whether tangible or intangible are reported on balance sheet as current assets or long term or fixed assets like goodwill, patent etc.
The balance in the Accumulated Depreciation account represents the?
amount charged to expense since the acquisition of the plant asset.
The balance of accumulated depreciation account represents the?
amount charged to depreciation expense since the acquisition of the plant asset.
Accumulated Depreciation is reported on the income sheet?
no. accumulated depreciation goes under non current asset on the Balance sheet
The Cost of Goods Sold account is classified as?
Expense on the income statement. The COI or Merchandise Inventory is reported on the balance sheet as an asset.
What is the Meaning of nav?
Net Asset Value (NAV) represents a mutual fund's per share market value.
