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The book value of an asset is defined as?

A) Cost minus Salvage Value B) Cost minus Accumulated Depreciation. C) Cost minus Salvage Value minus Accumulated Depreciation C) Estimated fair market value

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Question added by خالد ابراهيم , Senior Accountant , Al Khayyat Group /Peugeot and Mazda Automative agent in Jordan
Date Posted: 2013/11/04
Rehan Qureshi
by Rehan Qureshi , Financial Consultant , Self Employeed

B

Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

B) Cost minus Accumulated Depreciation.

Fouzan Qadeer
by Fouzan Qadeer , Corporate Financial Analyst , Balubaid Group

Answer is B. 

The book value of an asset is the asset’s cost minus the asset’s accumulated depreciation. For example, in the general ledger account, Automobile, is the automobile’s cost of $22,000. In the contra asset account, Accumulated Depreciation on Automobile, is a credit balance of $16,000. The net of those two amounts ($22,000 minus $16,000) is the book value or the carrying value of the automobile. In this example the $6,000 is the amount being reported on the company’s books.

Source: http://blog.accountingcoach.com/book-value-assets-liability-corporation/

Ahmed Eid
by Ahmed Eid , Corporate Sales Coordinator , Al Muzaini Exchange Co

The carrying value of the asset is the amount by which the asset record for a moment buy it (the cash value for the asset addition to all necessary expenses until it becomes fit for use for the purpose of leading buyer of him)

umer zubair
by umer zubair , international sales executive , digital globe service

ITS (B) COST MINUS ACCUMULATED DEPRECIATION

Md Abid Hussain Abid
by Md Abid Hussain Abid , D.E.O , INFOTECH ENTERPRISES as D.E.O

c

Mohamed Abdul
by Mohamed Abdul , Senior accountant. , Almarai.

Answer is second choice B:The cost minus accumulated depreciation.  

AHMED SAYED
by AHMED SAYED , ACCOUNTANT , Unicharm Gulf Hayginic Industries

The answer is B

 

Shafiulla Mohammad
by Shafiulla Mohammad , Customer Service Adviser , University of Bedfordshire

The answer is option B.

Asad zaman
by Asad zaman , Audit/Finance , Rafaqat Baber and co

cost-Accumulated depreciation OR impaired amount of an asset

Jawwad Sheikh
by Jawwad Sheikh , Account Executive , Shahnawaz Private Limited

Assets cost less Accumulated Depreciation or impairment 

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