question\nlo 3 the net book value (or carrying value) of an asset is ________.\nanswer\nthe amount for which…

question\nlo 3 the net book value (or carrying value) of an asset is ________.\nanswer\nthe amount for which the asset could be sold\nthe original cost of the asset minus its salvage value minus its accumulated depreciation\nthe original cost of the asset minus its accumulated depreciation\nincreased when the market value of the asset increases\ni dont know yet

question\nlo 3 the net book value (or carrying value) of an asset is ________.\nanswer\nthe amount for which the asset could be sold\nthe original cost of the asset minus its salvage value minus its accumulated depreciation\nthe original cost of the asset minus its accumulated depreciation\nincreased when the market value of the asset increases\ni dont know yet

Answer

Brief Explanations:

The net book value (carrying value) of an asset is calculated as the original cost of the asset minus its accumulated depreciation. Salvage value is not part of this formula for net book value. The amount for which the asset could be sold is its market value. And net book value is not increased when market value increases as per accounting principles (historical cost basis in most cases for book value).

Answer:

the original cost of the asset minus its accumulated depreciation