agec 242, chapter 5 - part 1\nan assets book value is its original cost minus salvage value.\n1…

agec 242, chapter 5 - part 1\nan assets book value is its original cost minus salvage value.\n1 point\ntrue\nfalse\nuseful life: number of years the asset is expected to be used in business\nsalvage value: expected market value of the asset at the end of its useful life\nbook value: original cost - accumulated depreciation\nam i right?\nskip for now\nsubmit answer

agec 242, chapter 5 - part 1\nan assets book value is its original cost minus salvage value.\n1 point\ntrue\nfalse\nuseful life: number of years the asset is expected to be used in business\nsalvage value: expected market value of the asset at the end of its useful life\nbook value: original cost - accumulated depreciation\nam i right?\nskip for now\nsubmit answer

Answer

Brief Explanations:

The book - value of an asset is calculated as its original cost minus accumulated depreciation, not original cost minus salvage value. Salvage value is the expected market value at the end of the asset's useful life.

Answer:

False