8.9 Report long-term assets on the balance sheet
1) Long-term assets usually begin with the listing of natural resources first.
2) Property, plant, and equipment are not shown at net book value on the balance sheet.
3) Intangibles, such as patents and copyrights, are listed after property, plant, and equipment and after natural resources on a company's long-term assets portion of the balance sheet.
4) Long-term marketable securities, such as five-year held-to-maturity securities, would be listed last in the long-term assets portion of a company's balance sheet.
5) Under Canadian ASPE, at what value is Property, Plant, and Equipment recorded on the balance sheet?
6) Under IFRS, at what value is investment property recorded on the balance sheet after acquisition?
7) Under IFRS, a company can choose to record their Property, Plant, and Equipment at fair value. What method is this called?