A

Admin • 833.24K Points
Coach

Q. A fixed asset is recorded at:

  • (A) Market value
  • (B) Cost price
  • (C) Sale value
  • (D) Depreciated value
  • Correct Answer - Option(B)
  • Views: 23
  • Filed under category Accounting
  • Hashtags:

Explanation by: Admin

As per historical cost concept, fixed assets are recorded at their cost price.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.