The unexpired cost of a plant asset is referred to as its
A)depreciable cost.
B)carrying value.
C)accumulated depreciation.
D)original cost.

Question

Quizplus · Accepted Answer

The carrying value of a plant asset is its unexpired cost, which is calculated by subtracting accumulated depreciation from the asset's original cost. It represents the net book value or the amount that the asset is currently worth on the company's balance sheet.  Depreciable cost is the portion of the original cost that can be depreciated over the asset's useful life. Accumulated depreciation is the cumulative sum of the depreciation expense recorded on the asset to date. Original cost is the amount paid to acquire the asset initially.

The Unexpired Cost of a Plant Asset Is Referred to as Its