The cost of an asset less the depreciation to date is referred to as the net _____ value.
A) Liquid
B) Book
C) Market
D) Cash
E) Financial

Question

Quizplus · Accepted Answer

The cost of an asset less the depreciation to date is referred to as the net book value. This value represents the asset's carrying value on the balance sheet and is calculated by subtracting the accumulated depreciation from the asset's original purchase cost.

The Cost of an Asset Less the Depreciation to Date