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Describe the value at which fixed assets are presented in financial statements.

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Question ajoutée par Salman Yousaf , Manager Accounts , KTC International LLC
Date de publication: 2013/11/25
Asad zaman
par Asad zaman , Audit/Finance , Rafaqat Baber and co

Cost or revalued amonut.

Mujtaba Hussain
par Mujtaba Hussain , Accounts officer , Miraj Entertaiments

fixed assets are presented on the book value of an asset after deducting depreciation if any

Basem Eljammal
par Basem Eljammal , Senior Accountant , ISAM KABBANI & PARTNERS GROUP FOR CONSTRUCTION AND MAINTENANCE CO. LTD.

It recorded on books by Historical value , But represented in balance sheet subtracted from the related accumulated depreciation

mukkur srinivasan varadhan
par mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

Historical cost .Cost of bringing the assets to the present state and conditions.