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The total cost of an asset less its accumulated depreciation is called: Multiple Choice Ο Historical cost. Ο Book value. Ο Pr
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Answer #1

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)

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