Interested in Language
The plant & Equipment was/is $200,000 as shown in ABC Company's financial statement as 31 December 2012.
Is "was/is" both correct in the above sentence?
Accounting is a tricky thing. The depeciated value of the asset is likely to change each year. It "was" $200,000 as of the end of 2012.
Either capitalize "Plant & Equipment" or leave them both lower case, but don't do it with one each.
I'm not a teacher, but I write for a living. Please don't ask me about 2nd conditionals, but I'm a safe bet for what reads well in (American) English.