Which of the following is not the same as book value?
A)Carrying value.
B)Cost - accumulated depreciation.
C)Unused cost.
D)Market value.

Question

Quizplus · Accepted Answer

Book value refers to the value of an asset as it appears on the balance sheet, which is calculated as its original cost minus any accumulated depreciation. Carrying value is another term used to refer to the book value of an asset. Unused cost is not a term commonly used in accounting, and market value refers to the current value of an asset on the open market, which may be higher or lower than its book value.

Which of the Following Is Not the Same as Book