Which of the following statements regarding the balance sheet presentation of fixed assets is not true?

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Group of answer choices

Fixed assets may be shown on the face of the statement at their book value or net amount.

If there are many classes of fixed assets, a single amount may be presented on the balance sheet, supported by a note with a separate listing.

Intangible assets are usually reported as the first items listed under $$Fixed assets.$$

Fixed assets may be reported under the more descriptive caption of $$Property$,$ plant, and equipment.$$