Explain and evaluate the eff ects on financial statements and ratios of impairment, revaluation, and derecognition of property, plant, and equipment and intangible assets.

What is the order in which assets are generally listed on a classified balance sheet? A) Current; property, plant, and equipment; intangible assets; long-term investments B) Current; long-term investments; property, plant, and equipment; intangible assets C) Current and long-term D) Current; property, plant, and equipment; long-term investments; intangible assets

Compare the financial reporting of investment property with that of property, plant, andequipment

Explain what is meant by the impairment of the value of property, plant, and equipment and intangible assets. How should these impairments be accounted for?