Depreciable Cost Equals

question 40

Multiple Choice

Depreciable cost equals

• A)cost less accumulated depreciation.
• B)book value less residual value.
• C)cost less residual value.
• D)market value less residual value.

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Definitions:

Issued at Discount

When a bond or other security is sold for less than its face value.

Semiannually

Referring to an event or action that takes place twice every year, often at six-month intervals.

Par

The face value of a bond or stock as stated by the issuing company, which may differ from its market value.

Face Value

The nominal value printed on a financial instrument, such as a bond or a stock certificate.