The book value of an asset is equal to the

Posted By Admin @ September 03, 2022

Question:

The book value of an asset is equal to the A. asset's fair value less its historical cost. B. blue book value relied on by secondary markets. C. replacement cost of the asset. D. asset's cost less accumulated depreciation.

Answer:

Hello! The answer to your question would be as followed:

The book value of an asset is equal to the D. asset's cost less accumulated depreciation.

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