The original cost of an asset minus accumulated depreciation is called

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The book value of an asset is the original cost of the asset minus accumulated depreciation. This is the value that appears on the balance sheet of a company. Historical cost refers to the actual cost of acquiring the asset, present value is the current value of the asset, and replacement cost is the cost to replace the asset with a similar one. Current value is a broad term that can refer to any value that is current, such as market value or fair value.

The Original Cost of an Asset Minus Accumulated Depreciation Is