Fixed Assets on Balance Sheet: Net or Gross?

CFA Level II
#1

If we’re evaluating a balance sheet on the test and what is being displayed is simply “Fixed Assets”, would this normally be Net PPE?

Thanks

#2

If all it says is Fixed Assets and there’s no separate Accumulated Depreciation account, it’s Net Fixed Assets.

#3

Gotcha – you should get paid for this :wink: