The undepreciated cost of an asset is referred to as
A) residual value.
B) book value.
C) market value.
D) sales value.

Question

Quizplus · Accepted Answer

The undepreciated cost of an asset, also known as the net book value, is referred to as book value. Residual value is the estimated amount an asset will be worth at the end of its useful life, market value is the price an asset would fetch in the market, and sales value is the amount an asset is sold for.

The Undepreciated Cost of an Asset Is Referred to as