FAR Fixed Assets

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    Topic
  • August 25, 2011 at 2:51 pm #161419
    Soon2bCPA23
    Participant

    Hi,

    I have a question on how to value Fixed Assets on the Balance Sheet. Do I value them at FV, CV, or acquisition cost?

    Thanks

    FAR- 72,73,76 (11/14/11)
    AUD- 64(7/22/11)
    REG- (10/22/11)
    BEC- (11/31/11)

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  • August 26, 2011 at 1:59 am #293396
    pshustler
    Participant

    Fixed assets are usually valued at Historical Cost less Acc Dep, unless they are getting ready to be sold

    BEC - 86
    AUD - 94
    REG - 88
    FAR - 89

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