Based on the following information, what is the net book value of the asset on the December 31, 2021 balance sheet? $$\begin{array} { | l | r | }
\hline \text { Cost } & \$ 750,000 \
\hline \text { Accumulated depreciation } & 400,000 \
\hline \text { Value in use (sum of discounted cash flows) } & 300,000 \
\hline \text { Fair value } & 200,000 \
\hline \text { Disposal costs } & 15,000 \
\hline
\end{array}$$
A)$185,000
B)$200,000
C)$300,000
D)$350,000

Question

Based on the following information, what is the net book value of the asset on the December 31, 2021 balance sheet? $$\begin{array} { | l | r | } 
\hline \text { Cost } & \$ 750,000 \
\hline \text { Accumulated depreciation } & 400,000 \
\hline \text { Value in use (sum of discounted cash flows) } & 300,000 \
\hline \text { Fair value } & 200,000 \
\hline \text { Disposal costs } & 15,000 \
\hline
\end{array}$$
A)$185,000
B)$200,000
C)$300,000
D)$350,000

Quizplus · Accepted Answer

The Answer of Based on the following information, what is the net book value of the asset on the December 31, 2021 balance sheet? $$\begin{array} { | l | r | } 
\hline \text { Cost } & \$ 750,000 \
\hline \text { Accumulated depreciation } & 400,000 \
\hline \text { Value in use (sum of discounted cash flows) } & 300,000 \
\hline \text { Fair value } & 200,000 \
\hline \text { Disposal costs } & 15,000 \
\hline
\end{array}$$
A)$185,000
B)$200,000
C)$300,000
D)$350,000

Based on the Following Information, What Is the Net Book