_____ is an accounting term that describes the difference between the original acquisition cost of capital assets and the amount of depreciation expense that has been recognized for them.
A)Book value
B)Disposal value
C)Fair market value
D)Replacement value

Question

Quizplus · Accepted Answer

Book value is the remaining amount of value that an asset has after accounting for its depreciation expense. It is calculated as the original acquisition cost of the asset minus the accumulated depreciation.

_____ Is an Accounting Term That Describes the Difference Between