Equipment’s book value is the original cost plus depreciation.
举一反三
- Book value is defined as: A: a. disposal value B: b. disposal value less accumulated depreciation C: c. cost less accumulated depreciation D: d. disposal value less original cost
- ____________________ is relevant in a decision to replace equipment. A: a. Cost of old equipment B: b. Book value of old equipment C: c. Depreciation accrued on old equipment D: d. Future maintenance costs of old equipment
- The following normal balances appear on the adjusted trial balance of Portland Company: Equipment ..........................................................$70,000Accumulated depreciation, equipment ................. 18,000Depreciation expense, equipment .........................6,000The book value of the equipment is A: $64,000 B: $46,000 C: $52,000 D: $34,000
- _______________is the original cost of an asset less any accumulated depreciation.
- Total depreciation expense over an asset's useful life will not be identical under all methods of depreciation.