Which of the following is not generally considered to be very useful for any purpose other than accounting and income taxes?
A) Book value
B) Salvage value
C) Replacement value
D) Disposal value

Question

Quizplus · Accepted Answer

Book value is primarily an accounting concept that represents the value of an asset as it appears on a company's balance sheet, reflecting its historical cost minus depreciation. It is not typically used for purposes other than accounting and income tax calculations, unlike the other values listed which can have broader applications in financial analysis, asset management, and decision-making regarding the disposal, replacement, or salvage of assets.

Which of the Following Is Not Generally Considered to Be