What Is the Term Used for the Difference Between the Equipment

question 49

Multiple Choice

What is the term used for the difference between the Equipment account and the Accumulated Depreciation account?

• A)contra asset
• B)market value
• C)historical cost
• D)book value

---

Definitions:

Unjust

Not based on or behaving according to what is morally right and fair.

Unilateral Contract

A contract in which only one party makes an enforceable promise to perform an action, often in response to an act by the other party.

Offeree

The party to whom an offer is made in a contract negotiation, who has the power to accept or reject that offer.

Offeror

A person or entity who proposes a deal or contract to someone else, indicating their intention to enter into an agreement upon acceptance.