The Difference Between the Cost of a Long-Lived Asset and Its

question 70

Multiple Choice

The difference between the cost of a long-lived asset and its related accumulated depreciation is referred to as the

• A) fair value of the long-lived asset.
• B) blue book value of the long-lived asset.
• C) carrying amount of the long-lived asset.
• D) depreciated difference of the long-lived asset.

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