Which of the following is not the same as book value?
A)Carrying value
B)Cost less accumulated depreciation
C)Unused cost
D)Market value

Question

Quizplus · Accepted Answer

Carrying value is the amount at which an asset or liability is reported ("carried")in the financial statements.It is also known as "net book value" or simply "book value." As such,the book value of a long-lived tangible asset equals its cost minus the related accumulated depreciation.Since depreciation is an allocation method rather than a valuation method,book value is not the same as market value.

Which of the Following Is Not the Same as Book