The Difference Between the Historical Cost and the Net Book

question 3

Multiple Choice

The difference between the historical cost and the net book value (NBV) of a plant asset is the:

• A)Residual value of the asset.
• B)Depreciation expense for the current period.
• C)An estimate of the remaining life of the asset.
• D)Accumulated depreciation expense of the asset.
• E)Estimated replacement cost of the asset.