tb mc qu. 10-97 (static) the total cost of an asset... the total cost of an asset minus accumulated…

tb mc qu. 10-97 (static) the total cost of an asset... the total cost of an asset minus accumulated depreciation is called: multiple choice historical cost. book value. present value. current (market) value.

tb mc qu. 10-97 (static) the total cost of an asset... the total cost of an asset minus accumulated depreciation is called: multiple choice historical cost. book value. present value. current (market) value.

Answer

Brief Explanations:

In accounting, the book - value of an asset is calculated as the total cost of the asset minus its accumulated depreciation. Historical cost is the original cost of the asset. Present value is related to the current worth of future cash - flows. Current (market) value is the price an asset could be sold for in the market.

Answer:

B. Book value