question 4\nfixed assets are ordinarily presented on the balance sheet\na at current market values\nb at…

question 4\nfixed assets are ordinarily presented on the balance sheet\na at current market values\nb at replacement costs\nc at cost less accumulated depreciation\nd in a separate section along with intangible assets

question 4\nfixed assets are ordinarily presented on the balance sheet\na at current market values\nb at replacement costs\nc at cost less accumulated depreciation\nd in a separate section along with intangible assets

Answer

Brief Explanations:

Fixed assets are recorded on the balance sheet at their historical cost minus accumulated depreciation. This is in line with accounting principles. Current market values (A) and replacement costs (B) are not the standard way for initial and subsequent recognition. Intangible assets are a different category from fixed assets, so they are not presented together (D is incorrect).

Answer:

C. at cost less accumulated depreciation