According to the FASB, at any time, the cost minus the accumulated depreciation of a company's machinery will usually equal its net realizable value.

Question

Quizplus · Accepted Answer

The FASB does not have a specific rule stating that the cost minus accumulated depreciation of machinery will usually equal its net realizable value. These values may be related, but they are not necessarily equal.

According to the FASB, at Any Time, the Cost Minus