A depreciable asset's cost minus accumulated depreciation is called ________.
A) book value
B) residual value
C) depreciable value
D) accrued expense

Question

Quizplus · Accepted Answer

Book value is the cost of an asset less its accumulated depreciation. Residual value refers to the estimated value of an asset at the end of its useful life. Depreciable value is the cost of the asset that can be depreciated, which is the original cost less its estimated residual value. Accrued expense refers to expenses that have been incurred but not yet paid.

A Depreciable Asset's Cost Minus Accumulated Depreciation Is Called ________