The net book value or carrying value of an asset is its original cost less any capitalized post-acquisition cost less accumulated amortization to date.

Question

Quizplus · Accepted Answer

The net book value or carrying value of an asset is its original cost less accumulated depreciation or amortization to date, not less any capitalized post-acquisition costs. Post-acquisition costs that are capitalized are actually added to the asset's cost basis, not subtracted.

The Net Book Value or Carrying Value of an Asset