The book value of an asset in the plant and equipment category is:
A)The undepreciated cost of the asset.
B)The current replacement cost of the asset.
C)The original cost of the asset.
D)The accumulated depreciation on the asset to date.

Question

Quizplus · Accepted Answer

The book value of an asset is the undepreciated cost, meaning the original cost minus any accumulated depreciation.

The Book Value of an Asset in the Plant and Equipment