The difference between cost and accumulated depreciation is referred to as
A)net depreciation.
B)carrying amount.
C)fair value.
D)cost value.

Name: The difference between cost and accumulated depreciation is referred to as A)net depreciation. B)carrying amount. C)fair value. D)cost value.
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Quizplus · Accepted Answer

The difference between the cost of an asset and its accumulated depreciation is referred to as the carrying amount. This reflects the asset's book value on the balance sheet.

The Difference Between Cost and Accumulated Depreciation Is Referred to as