The net value of fixed assets is also called its ________.
A) market value
B) par value
C) book value
D) intrinsic value

Question

Quizplus · Accepted Answer

The net value of fixed assets is also referred to as its book value, which is the value of the asset as recorded in the company's accounting records after accounting for any depreciation or impairment. Market value refers to the value of the asset in the open market, par value is the value assigned to a share of stock, and intrinsic value refers to the perceived value of the asset based on its fundamental characteristics. Therefore, the best choice is C.

The Net Value of Fixed Assets Is Also Called Its