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

Question

Quizplus · Accepted Answer

The net book value of a fixed asset is determined by subtracting accumulated depreciation from the original cost of the asset. This represents the current value of the asset on the company's books.

The Net Book Value of a Fixed Asset Is Determined