Question

Question 1 The book value of an asset is equal to the assets fair value less its historical cost. O blue book value relied o
2 0
Add a comment Improve this question Transcribed image text
Answer #1

The book value of an asset is equal to the assets cost less accumulated depreciation. Because

Book value = asset's original cost - depreciation

Book value of an asset is defined as the value of an asset in the book of records of a company.

Add a comment
Know the answer?
Add Answer to:
Question 1 The book value of an asset is equal to the asset's fair value less its historical cost. O blue book valu...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT