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.

---

Definitions:

Model T

An affordable automobile produced by Ford Motor Company from 1908 to 1927 that revolutionized transportation and American industry.

Henry Ford

An American industrialist and the founder of the Ford Motor Company, who revolutionized factory production with his assembly line method, making cars affordable for the average American.

Automobiles

Wheeled motor vehicles used for transportation, typically powered by internal combustion engines and designed to carry a small number of people.

Gasoline Powered

Gasoline powered refers to engines or machines that operate using gasoline as a fuel, a common technology in vehicles and various types of machinery.