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The book value of an asset is equal to the Group of answer choices asset's fair value less its historical cost. blue book value relied on by secondary markets. replacement cost of the asset. asset's cost
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2 votes
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The book value of an asset is equal to the Group of answer choices asset's fair value less its historical cost. blue book value relied on by secondary markets. replacement cost of the asset. asset's cost less accumulated depreciation.

User TheStranger
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1 Answer

18 votes
18 votes

Answer:

asset's cost less accumulated depreciation

Step-by-step explanation:

The book value of an asset could be determined by applying the following formula

Book value of an asset = Cost of an asset - accumulated depreciation

The accumulated depreciation is the depreciation that can be more than on year

So as per the given options, the last one is correct

User Maco
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