Which of these terms have the same meaning in accounting?
i. Carrying amount
ii. Book value
iii. Written down value
A) i, ii
B) ii, iii
C) i, iii
D) i, ii, iii

Question

Quizplus · Accepted Answer

All three terms—carrying amount, book value, and written down value—refer to the value of an asset as recorded on the balance sheet, after accounting for depreciation or amortization.

Which of These Terms Have the Same Meaning in Accounting