The book value of a depreciable asset is       A. The original cost of the asset.       B. The original cost of the asset less its accumulated depreciation.       C. The original cost of the asset less its salvage value.       D. The accumulated depreciation on the asset.       E. None of these.

College Accounting, Chapters 1-27
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Chapter5: Adjusting Entries And The Work Sheet
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Problem 4TF: LO1 Depreciable cost is the difference between the original cost of the asset and its accumulated...
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The book value of a depreciable asset is

      A. The original cost of the asset.

      B. The original cost of the asset less its accumulated depreciation.

      C. The original cost of the asset less its salvage value.

      D. The accumulated depreciation on the asset.

      E. None of these.

 

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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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