The book value of a plant asset is the:

Question

Quizplus · Accepted Answer

The book value of a plant asset represents the original cost of the asset, less any accumulated depreciation to date. Therefore, option C (cost less accumulated depreciation) is the correct choice. Option A (cost less depreciation expense) is incorrect as it does not take into account the accumulated depreciation, which represents the total amount of depreciation expense incurred over the asset's useful life. Option B (cost plus accumulated depreciation) is also incorrect as it overstates the total value of the asset. Option D (original cost of the asset, plus any capital expenditures) is not correct as it does not reflect the decrease in value of the asset over time due to depreciation.

The Book Value of a Plant Asset Is The