identify this financial statement: which financial statement would best display a companys plant propery and equipment use in their factory everyday to help generate a slaes revenue

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15-07-2020
Business

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identify this financial statement: which financial statement would best display a companys plant propery and equipment use in their factory everyday to help generate a slaes revenue

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Parrain Parrain · Answer 1 · 2020-07-16T02:33:32+02:00

Answer: C) Balance Sheet

Explanation:

The Plant, Property and Equipment (PPE) that a company owns are reported in the Balance Sheet under Fixed Assets.

These Assets are considered investments because of their long term use and they help a company in generating it's sales Revenue.

They are also depreciated as well to account for the period they are in action and are usually recorded in the Balance Sheet at their Net amounts (depreciated amounts).