On the Balance Sheet,it Is Not Necessary to Report Both

question 121

True/False

On the balance sheet,it is not necessary to report both the cost and the accumulated depreciation of an asset.

---

Definitions:

Asserting

The act of stating something confidently and forcefully as a fact.

Connectives

Logical operators that join or modify statements and propositions in logic, such as "and", "or", "if...then".

Propositions

Declarations or propositions that convey an assessment or viewpoint, capable of being either correct or incorrect.

Subjects

The topic or matter being discussed or described in a sentence, paragraph, or work; also individuals or entities that are being studied or observed.