Book value of an asset is always the same as the market value.

Name: Book value of an asset is always the same as the market value.
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Question

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The book value of an asset is calculated based on its original cost and accumulated depreciation, while the market value is the price at which the asset can be sold in the current market. These values may be different, and the book value may not accurately reflect the current worth of the asset.

Book Value of an Asset Is Always the Same as the Market