The value of an asset at any given time is called book value. It is calculated by taking the original cost less the accumulated depreciation to that point.

Name: The value of an asset at any given time is called book value. It is calculated by taking the original cost less the accumulated depreciation to that point.
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Question

The value of an asset at any given time is called book value. It is calculated by taking the original cost less the accumulated depreciation to that point.​

Quizplus · Accepted Answer

The book value of an asset is indeed calculated by subtracting accumulated depreciation from its original cost, reflecting its value at a specific point in time.

The Value of an Asset at Any Given Time Is