Equipment with a cost of $200,000 has an accumulated depreciation of $100,000.What is the book value of the equipment?
A)$150,000
B)$50,000
C)$200,000
D)$100,000

Question

Quizplus · Accepted Answer

The book value of the equipment is calculated by subtracting the accumulated depreciation from the cost of the equipment. Therefore, $200,000 (cost) - $100,000 (accumulated depreciation) = $100,000 (book value).

Equipment with a Cost of $200,000 Has an Accumulated Depreciation