On the Balance Sheet, the Cost of a Fixed Asset

question 84

Short Answer

On the balance sheet, the cost of a fixed asset less its accumulated depreciation to date is the asset's________.

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Definitions:

Managerial Accounting

The practice of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the pursuit of an organization's goals.

Objective

A specific goal or target that an organization or individual aims to achieve, often defined in measurable terms.

Property Tax

Taxes levied by local governments on real estate and sometimes other forms of personal property.

Selling Price

The amount a good or service is sold for in the market.