The cost of an asset less accumulated depreciation equals
A) residual value.
B) book value.
C) depreciation expense.
D) None of these answers are correct.

Question

Quizplus · Accepted Answer

The cost of an asset less accumulated depreciation equals the book value of the asset. Residual value is the estimated value of the asset at the end of its useful life, and depreciation expense is the amount of depreciation recognized in a specific accounting period.

The Cost of an Asset Less Accumulated Depreciation Equals