Office equipment appears on which financial statement?

• A. Balance Sheet
• B. Income Statement
• C. Cash Flow Statement
• D. Statement of Changes in Equity

Answer: (A)

Office equipment is a long‑term resource owned by the business that provides benefits over multiple periods. It is classified as an asset and appears on the balance sheet, usually under noncurrent assets in the property, plant, and equipment section. It isn’t shown on the income statement, which lists revenues and expenses for the period; while the cost is recovered over time through depreciation, the asset itself sits on the balance sheet and is reduced gradually by accumulated depreciation. The cash flow statement would reflect the cash paid to acquire the equipment under investing activities, rather than showing the asset itself.