The book value of a plant asset is its original cost
A) minus accumulated depreciation.
B) plus accumulated depreciation.
C) plus salvage value.
D) minus salvage value.

Question

Quizplus · Accepted Answer

The book value of a plant asset is calculated by subtracting the accumulated depreciation from its original cost. This reflects the asset's current value on the balance sheet after accounting for wear and tear or usage over time.

The Book Value of a Plant Asset Is Its Original