17. Assets classified as property, plant, and equipment are reported at a. each asset's estimated market value at the balance sheet date. b. each asset's estimated salvage value at the balance sheet date. c. the estimated depreciable cost at the balance sheet date. d. each asset's original cost less depreciation since acquisition. 18. Which statement is true concerning operating assets? a. Operating assets have no physical properties. b. A company's operating assets are important to its shortterm liquidity. c. Operating assets are used over two or more periods to generate revenues. d. All operating assets are reported on the balance sheet 19. Which of the following accounts would not be reported in the Property, Plant, and Equipment section of a balance sheet? a. Accumulated Depreciation?Buildings b. Buildings c. Depreciation Expense?Buildings d. Land 20. On the balance sheet, the cumulative amount of plant and equipment already expensed is reported in an account called a. Accumulated Amortization b. Accumulated Depreciation c. Amortization Expense d. Depreciation Expense

17. Assets classified as property, plant, and equipment are reported at a. cach asset's estimated market value at the balance sheet date. b. each asset's estimated salvage value at the balance sheet date. c. the estimated depreciable cost at the balance sheet date. d. each asset's original cost less depreciation since acquisition. 18. Which statement is true concerning operating assets? a. Operating assets have no physical properties. b. A company's operating assets are important to its short-term liquidity. c. Operating assets are used over two or more periods to generate revenues. d. All operating assets are reported on the balance sheet 19. Which of the following accounts would not be reported in the Property, Plant, and Equipment section of a balance sheet? a. Accumulated Depreciation-Buildings b. Buildings c. Depreciation Expense-Buildings d. Land 20. On the balance sheet, the cumulative amount of plant and equipment already expensed is reported in an account called a. Accumulated Amortization b. Accumulated Depreciation c. Amortization Expense d. Depreciation Expense