The use of gross book value (GBV)for measuring the level of investment in depreciable assets is preferred by those who value the objectivity of:

Question

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Gross book value represents the historical cost of depreciable assets, which means the original cost incurred at the time of purchase. Those who value objectivity would prefer GBV as it is an actual historical cost number that cannot be manipulated or altered.

The Use of Gross Book Value (GBV)for Measuring the Level