Third, the balance sheet does not show the [cost / fair value]

of nonmonetary assets. In accordance with the a ___ -

m _________ concept, plant assets are reported at their [unexpired cost / fair value].

Also, depreciation is a write-off of [cost / fair value]. It is not an indication of changes in the real value of plant assets. The balance sheet [does /

does not] show the entity’s “net worth.”