The terms "depreciable cost" and "book value" are interchangeable.

Question

Quizplus · Accepted Answer

Depreciable cost refers to the cost of a fixed asset minus its salvage value, which is the amount that can be depreciated over time. Book value, on the other hand, is the value of an asset as shown on the balance sheet, calculated as the cost of the asset minus accumulated depreciation. These terms represent different financial concepts and are not interchangeable.

The Terms "Depreciable Cost" and "Book Value" Are Interchangeable