Assertion: balance sheet's asset | /r/HasProperty | reported on the balance sheet
Facets:
value: normally
type: DEGREE
value: at its original cost
type: MANNER
value: at their purchase price
type: OTHER
value: according to the historical cost principle
type: OTHER
Source sentences:
text: According to the historical cost principle, all assets, with the exception of some intangible assets, are reported on the balance sheet at their purchase price.
text: Assets are normally reported on balance sheet in the order of their relative nearness to cash.
text: In a balance sheet, these assets typically are reported in a category called property, plant, and equipment.
text: The corporation's fair value is often significantly different than the stated amounts for the assets reported on the balance sheet.
text: Generally, the assets that are expected to turn to cash within one year are reported on the balance sheet in the section with the heading current assets.
text: However, the fixed asset is reported on the balance sheet at its original cost.