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The net book value of a depreciable asset is calculated by deducting the accumulated depreciation from the original cost of the asset. Accumulated depreciation is the total depreciation expense recorded over the life of the asset. This calculation allows for the determination of the asset's value at a specific point in time.

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5mo ago
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11y ago

the difference between the asset's cost and accumulated depreciation.

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Q: How is the net book value of a depreciable asset calculated?
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The cost of a depreciable asset less accumulated depreciation reflects the book value of the asset?

true


The carrying value of a depreciable asset equals?

The carrying value (or book, or, net value) of a long term asset equals cost minus accumulated depreciation.


The book value of an asset is the same as market value of the asset?

Book value of an asset is the value which is shown in books of accounts while market value of asset is the value which is currently same asset is selling in market so both of these values are not same but it can be same but normally they are not same.


What is Book value vs fair value?

Book value is the value of asset shown in financial statements while fair value is the value at which asset can be sold in market


Difference between book value and fair value in accounting?

Book value of asset is the value of asset shown in books of accounts while fair value of asset is the current price at which that product is selling or sellable in market.


What is another name for book value for an asset?

carrying value


The book value of a plant asset is?

The book value of a fixed asset (PP&E) is the difference between the fixed asset account and it's related accumulated depreciation account. You have a truck you paid $25,000 and you have depreciated it for the amount of $10,000 then the "book value" would be $15,000.


What is net asset per share?

This is the same thing as book value per share. Net asset value is Total Assets - Total Liabilities. You take this number and divide it by the shares outstanding in the company, and you get net asset per share. Example: AT&T Total Assets: 1000 Total Liabilities: 500 Net asset value: 500 Shares outstanding:100 Net Asset per share: $5


Is book value reported on the balance sheet?

Yes book value of any asset is the value which is shown in balance sheet of company while market value is not shown anywhere it is the price which any asset is saleable in market.


Difference between book value and par value?

Book value is the value that is written into a company's books for as asset. Par value, is the face value of an asset, as it is entered into the company's charter. The difference between the two is where it is entered, and how one arrives at the figure.


The difference between the cost of an asset and the accumulated depreciation for that asset is called?

Book Value is the difference between the cost of an asset and the accumulated depreciation of that asset.


What does the term book value mean?

Book value refers to the value of an asset as reported on a company's balance sheet, calculated by subtracting the asset's accumulated depreciation from its original cost. It indicates the original cost of the asset minus any accumulated depreciation, providing a rough estimate of the asset's current worth on the company's financial statements.