Book value is defined as:
A: a. disposal value
B: b. disposal value less accumulated depreciation
C: c. cost less accumulated depreciation
D: d. disposal value less original cost
A: a. disposal value
B: b. disposal value less accumulated depreciation
C: c. cost less accumulated depreciation
D: d. disposal value less original cost
举一反三
- R company sold old equipment for $25 000. The equipment had a cost of $50 000 and accumulated depreciation of $30 000. The entry to record the sale of the equipment would include a ( ). A: loss on disposal of $25 000 B: gain on disposal of $25 000 C: loss on disposal of $5 000 D: gain on disposal of $5 000
- _______________is the original cost of an asset less any accumulated depreciation.
- In appraisals, depreciation can be defined as:( ) A: A deduction from value B: Actual loss in value compared to current cost as new C: Diminished utility D: Either (Actual loss in value compared to current cost as new) or (Diminished utility)
- The disposal value of old equipment is relevant.
- A<br/>building that costs $140,000 has accumulated depreciation of $60,000.<br/>The book value of the building is( ) A: 60,000 B: 130,000 C: 80,000 D: 190,000