Book value is also referred to as

Name: Book value is also referred to as
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Book value is also known as carrying value, which is the original cost of an asset subtracted by accumulated depreciation. Fair value represents the estimated worth of an asset, while original cost refers to the initial price paid for an asset. Accumulated depreciation is a separate account that represents the amount of an asset's depreciation expenses that have been recorded over its useful life.

Book Value Is Also Referred to as