The accounting book value of an asset represents the historical cost of the asset rather than its current market value or replacement cost.

Name: The accounting book value of an asset represents the historical cost of the asset rather than its current market value or replacement cost.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

Accounting book value represents the original cost of an asset, adjusted for depreciation over time. It does not reflect current market value or replacement cost.

The Accounting Book Value of an Asset Represents the Historical