What is the book value of a tangible operating asset?
A) Acquisition cost.
B) Current estimated market value.
C) Acquisition cost minus the balance in accumulated depreciation.
D) Total depreciation that has been recorded on the asset to date.

Question

Quizplus · Accepted Answer

The book value of a tangible operating asset is calculated as the acquisition cost minus the balance in accumulated depreciation. This reflects the original purchase price adjusted for the depreciation expense recognized over the asset's useful life, providing a current book value.

What Is the Book Value of a Tangible Operating Asset