Answer:
TRUE
Explanation:
On a balance sheet, a company's accounts are classified as assets and liabilities. In assets, all assets of the company are classified, while in liabilities are classified the obligations that the firm has to pay, the outflows. Physical assets are classified as fixed assets. This classification includes all tangible assets such as printers, computers and equipment. These assets are subject to depreciation and annually their amounts are adjusted according to the depreciation rate. Therefore, the answer is correct.
