Book value is:
A)original cost minus accumulated depreciation.
B)original cost plus accumulated depreciation.
C)past cost plus accumulated depreciation.
D)future cost plus accumulated depreciation.
E)future cost minus accumulated depreciation.

Question

Quizplus · Accepted Answer

Book value is calculated by subtracting the accumulated depreciation from the original cost. This is because accumulated depreciation represents the portion of the asset's value that has been used up or expired over time, and the remaining amount represents the book value of the asset.

Book Value Is