The Book Value of a Long-Lived Tangible Asset Is Equal

question 200

Multiple Choice

The book value of a long-lived tangible asset is equal to:

• A)its acquisition cost less the accumulated depreciation from the acquisition date to the balance sheet date.
• B)its acquisition cost plus accumulated depreciation from the acquisition date to the balance sheet date.
• C)the amount that could be obtained for the asset on the balance sheet date if it were sold.
• D)the annual cost of carrying the asset in inventory.

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