The Book Value of a Plant Asset Is The

question 131

Multiple Choice

The book value of a plant asset is the:

• A)accumulated depreciation less the cost of the asset.
• B)cost of the asset.
• C)balance in the accumulated depreciation account.
• D)cost of the asset less the accumulated depreciation.

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Definitions:

Add fractions

The process of combining fractions by finding a common denominator and then summing the numerators to create a single fraction.

Multiply

To increase or combine quantities through the mathematical operation of multiplication.

Decimal

A number system based on ten, involving numbers with fractions represented by digits following a period.

Smaller

Referring to an object of lesser size or amount compared to another.