What financial statement is plant assets reported on and, Finance Basics

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What financial statement is plant assets reported on and

Question: 1. What financial statement is plant assets reported on, and how?

2. How is discarding of a plant asset different from selling a plant asset?

3. How is gain or loss determined when disposing of plant assets? What situation constitutes a gain? What situation constitutes a loss?

4. What is a natural resource? What is the process by which businesses spread the allocation of a natural resource's cost over its usage?

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