The Term "Net Book Value" in the Fixed Asset Ledger

question 38

Multiple Choice

The term "net book value" in the fixed asset ledger is considered to be useful to the preparer and the user because it __________.

• A) tells the accountant the amount the asset could be sold at today
• B) tells the accountant how much was originally paid for the fixed asset
• C) tells the accountant the depreciation period the assets will be depreciated over
• D) tells the accountant the remaining value of the fixed asset less total depreciation to date

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