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Long-lived assets are reported in the balance sheet at _ value, which is equal to its original cost less _.

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Tundexi Tundexi

Today at 10:27 AM

In the balance sheet, the Long-lived assets are reported as noncurrent assets which equals original cost less the carrying value.

What is a Long-lived assets?

A Long-lived assets refers to an asset possessed by a business which is expected to be retained for at least one year.

In conclusion, the word "noncurrent assets" and "carrying value".

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