Assets are typically recorded on the Balance Sheet at their estimated fair market value.?

2. FALSE

Assets are typically recorded on the Balance Sheet at their historical cost value

Option2 is the right answer.

The Statement mentioned is Not True.

Written down balance after Depreciation from the Book value is shown.

False

they are recorded as historical cost value

Never use the fmv for assets. The fmv is used only when u sell the asset which lead to gain or loss in the income statement

The answer is No:2 - False