________ is the original cost of a long-term asset less accumulated depreciation.
A)Net book value
B)Gross book value
C)Net asset
D)Current cost

Question

Quizplus · Accepted Answer

The net book value of a long-term asset is calculated by deducting the accumulated depreciation from the original cost of the asset. This value represents the value of the asset that is currently recorded on the company's balance sheet. The gross book value refers to the original cost of the asset without any reduction for depreciation. The net asset value is the total value of all assets owned by the company less any liabilities. Current cost refers to the current market value of an asset.

________ Is the Original Cost of a Long-Term Asset Less