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I would like to know if these are corrext they are true and false answers. please also assist in #3 2) A fully depreciated plant

I would like to know if these are corrext they are true and false answers. please also assist in #3 image text in transcribed
2) A fully depreciated plant asset that is still in service is not reported as an asset on the balance sheet. This would be FALSE 3) Companies are required to report plant assets as a single amount, with a note to the financial statements that provides detailed information This would be 4) Companies may choose to report plant assets as a single amount, with a note to the financial statements that provides detailed information, or companies may provide detailed information on the face of the statement. This would be TRUE 5) IFRS permits the presentation of plant assets at their fair market value. This would be TRUE 6) U.S. Generally Accepted Principles permits the presentation of plant assets at their fair market value This would be FALSE 7) Under U.S. GAAP. plant assets are reported at book value on the balance sheet. The answer would be TRUE 8) Amortization is the process by which businesses spread the allocation of an intangible asset's cost to expense over its useful life. This would be TRUE

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