Respuesta :
Assets for plants should be valued at their historical cost. The majority of inventories, together with plant, property, and equipment, are presented at historical cost.
A combination of assets called a plant, such as a foundry, factory, or workshop, is utilized in an industrial process. These assets are a part of the fixed assets category, which also includes automobiles, intangible assets, and office supplies. Like all other assets, plant assets are recorded on your balance sheet, where they are often shown apart from current assets and are frequently referred to as fixed assets, property or long-term assets, and plant and equipment (PP&E) assets. Cost is determined by the amount of money exchanged during a cash transaction or by the price in cash equivalent when non-monetary assets are used as payment. The fair market value of the asset forfeited or the fair market value of the asset obtained, whichever is more easily ascertainable, determines the cash equivalent price.
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