Book value represents the cost of an asset that is yet to be allocated to expense.

Name: Book value represents the cost of an asset that is yet to be allocated to expense.
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Book value is the difference between the cost of an asset and any accumulated depreciation or amortization, which represents the amount of the asset's cost that has been allocated to expense over its useful life. Therefore, it is the cost of an asset that has not yet been fully allocated to expense.

Book Value Represents the Cost of an Asset That Is