Answer :-
B. Book Value
Book value is the net worth of an asset that is recorded on the Balance sheet. Book Value is calculated by subtracting any accumulated depreciation from an asset's purchase price.
So the total cost of an asset less its accumulated is called Book value.
Therefore the correct answer is option B. ( Book Value)
The total cost of an asset less its accumulated depreciation is called: Multiple Choice Ο Historical...
.) The total cost of an asset less its accumulated depreciation is calle A) Historical cost. Book value. C) Present value D) Current (market) value. E) Replacement cost. 14) A company purchased a delivery yan for $28.000 with a salvag ased a delivery van for $2.00 with a salvage value of $3,000 on September 1, Year 1. It ha Year 1. It has an estimated useful life of 5 years. Using the how much depreciation expense should the company roce...
Residual value is Multiple Choice The cost of an asset minus its accumulated depreciation An estimate of the asset's value at the end of its useful life All of these The same as an asset's service life O Another name for market value
Question 1 The book value of an asset is equal to the asset's fair value less its historical cost. O blue book value relied on by secondary markets. replacement cost of the asset. asset's cost less accumulated depreciation.
The book value of an asset is the historical cost of the asset less the accumulated depreciation. True False Question 11 ( 20 Points Petry Corp. is a growing company with sales of $1.25 million this year. The firm expects to grow at an annual rate of 25 percent for the next three years, followed by a growth of 20 percent per year for the next two years. What will be Petry's sales at the end of five years? (Round...
Question 1 The book value of an asset is equal to the asset's fair value less its historical cost. blue book value relied on by secondary markets. replacement cost of the asset. asset's cost less accumulated depreciation.
TI - MULTIPLE CHOICE (Worth 6 points each Please a pencil to record your question. she best an CHOICE (Worth 6 points each, for a total 90 points) cord your answer on a Anderson Datalink scantron tomm. Choose the Der who pays cash for an out o vable is referred to as a. 1. The buyer who pays cash for A. Payor B. Pledgor C. Factor D. Payce E. Pledge 2. The accounting principle that requires finan about the operations...
The difference between the cost of a depreciable asset and its related accumulated depreciation is referred to as the: a. market value of the asset. b. blue book value of the asset. c. book value of the asset. d. depreciated difference of the asset. 26.
The difference between the acquisition cost of an asset and its accumulated depreciation is called the ?
Many organisations measure their property, plant and equipment at cost, less accumulated depreciation and accumulated impairment losses (while other organisations might measure their property, plant and equipment at fair value). You are required to discuss some of the problems associated with basing depreciation expense on historical cost (rather than some other value, such as replacement cost). You are also required to explain why managers might prefer to measure property, plant and equipment using the cost model rather than measuring the...
24. Over the course of the life of a fixed asset a. Accumulated Depreciation will increase but not exceed depreciable cost. b. book value will decrease but not fall below residual value. c. book value may or may not approximate replacement cost. d. all of the above are correct. 25. During the current year, Gardner Home Center sold 800 power washers for $350 each. The power washers carry a 2-year warranty for repairs. Estimates indicate that repair costs will average...