On its recent balance sheet in Appendix A, Polaris lists its plant assets as Property and equipment,

Question:

On its recent in Appendix A, Polaris lists its plant assets as “Property and equipment, net.” What does “net” mean in this title?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...