The net book value of a fixed asset is determined by the original cost
A)less accumulated depreciation
B)less depreciation expense
C)less accumulated depreciation plus depreciation expense
D)plus accumulated depreciation

Question

Quizplus · Accepted Answer

The net book value of a fixed asset is the original cost of the asset minus the accumulated depreciation, representing the amount of the asset's cost that has been expensed over time.

The Net Book Value of a Fixed Asset Is Determined