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Which of the following is not a true statement? Select one: O a. The cost principle requires that companies record plant assets at cost O

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Which of the following is not a true statement? Select one: O a. The cost principle requires that companies record plant assets at cost O b. The cost of a plant asset consists of all expenses necessary to acquire the asset and make it ready for its intended use O c. Costs that are included with the plant asset, rather than expensed immediately are referred to as capital expenditures O d. The amount reported as property, plant and equipment on a company's balance sheet represents the current market value of the assets O e. All of the above are correct

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