The difference between the historical cost and the net book value (NBV)of a plant asset is the:

Question

Quizplus · Accepted Answer

The historical cost of a plant asset is the original cost of acquiring the asset, while the net book value is the asset's historical cost less its accumulated depreciation up to a certain date. Therefore, the difference between the historical cost and NBV is the accumulated depreciation expense of the asset.

The Difference Between the Historical Cost and the Net Book