Net asset value promotes a more conservative approach to asset replacement as compared with gross book value.

Name: Net asset value promotes a more conservative approach to asset replacement as compared with gross book value.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Net asset value takes into account depreciation and the current market value of assets, which can lead to a more conservative approach to asset replacement as compared to gross book value, which only considers the historical cost of assets.

Net Asset Value Promotes a More Conservative Approach to Asset