When the Accumulated Depreciation Is Deducted from the Long-Term Asset

question 3

Multiple Choice

When the accumulated depreciation is deducted from the long-term asset account,the figure is known as the:

• A) market value.
• B) replacement value.
• C) net book value.
• D) realisable value.

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Definitions:

Fined Monetarily

Penalized by being required to pay a specific sum of money as punishment for an offense or violation.

Retrained

The act of teaching or training someone or something again, often to regain lost skills or learn new ones.

Nausea

A feeling of sickness with an inclination to vomit.

Unspecified

A term used when a particular detail, condition, or classification is not clearly defined or stated.