Undepreciated Cost Is the Same as the Book Value of an Asset

question 4

True/False

Undepreciated cost is the same as the book value of an asset.

---

Definitions:

Authorization

The formal permission or power granted to do something or to validate a transaction.

Cashier's Check

A check issued by a bank, drawn on its own funds rather than that of an individual account holder, offering a secure way of payment.

Certified Check

A check for which the issuing bank guarantees the availability of funds by verifying the account balance and then setting aside the check amount for payment.

Honor

A quality of integrity, fairness, and honesty in one's beliefs and actions.