according to generally accepted accounting principles assets

according to generally accepted accounting principles, assets on the balance sheet are primarily reported at:

a. what it would cost to repalce the assets

b. cost, because cost is usually factual and vertifiable

c. current fair market value as established by independent appraisers

d. cost, because in the event of liquidation, the assets would be sold at an amount equal to their original cost

Solution

According to generally accepted accounting principles, assets on the balance sheet are primarily reported at Cost, because cost is usually factual and verifiable