The value of an asset as it appears on a balance sheet, equal to cost minus accumulated depreciation is definition of:
a. Depreciation cost
b. Asset at cost
c. Accumulated depreciation
d. Depreciation expense
e. Book value
Answer: E
The value of an asset as it appears on a balance sheet, equal to cost minus accumulated depreciation is definition of:
a. Depreciation cost
b. Asset at cost
c. Accumulated depreciation
d. Depreciation expense
e. Book value
Answer: E
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