The Book Value of an Asset Is Equal to the ________

question 48

Multiple Choice

The book value of an asset is equal to the ________.

• A) fair market value minus the accounting value
• B) original purchase price plus annual depreciation expense
• C) original purchase price minus accumulated depreciation
• D) depreciated value plus recaptured depreciation

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Definitions:

Numbers

Entities that are used in mathematics and computing to perform various operations, representing quantities or values.

Addresses

References or locations in computer memory that allow data to be uniquely identified and accessed.

Increment

Increment is an operation that increases the value of a variable by a fixed amount, usually by 1.