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 book value of an asset is the undepreciated cost of the asset, which is calculated as original cost - accumulated depreciation. Residual value refers to the estimated value of an asset at the end of its useful life, while market value refers to the price at which an asset could be sold in the current market. Sales value may refer to the price at which an asset is actually sold, which may or may not be the same as market value or book value.

The Undepreciated Cost of an Asset Is Referred to as