Cost of property asset minus the residual value is equal to net book value.

Q: An asset's book value or carrying value is its: Multiple Choice O accumulated depreciation. cost…

A: The book value or carrying value of the machine is the value that carries on the balance sheet of…

Q: The book value of an asset is equal to the

A: This question tells about the book value of an asset is equal.

Q: Depreciation represents a __________ in the value of fixed assets.

A: Fixed assets are those type of assets which are being held by the business for longer period of…

Q: The difference between cost of the asset and residual value is known as a . Depletion b . Salvage…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

Q: Cost of property asset minus accumulated depreciation is equal to net book value.   T/F

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…

Q: Residual value is: A. Also called residual value. B. Also called scrap value. C. An estimate of the…

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…

Q: WHAT IS TECHNICAL OBSOLECENSE OF ASSET

A: The term obsolete refers to the fact that a commodity is no longer in use. Obsolescence refers to…

Q: The total cost of an asset less its accumulated depreciation is called: Multiple Choice Historical…

A: Book value = Total cost of assets - Accumulated Depreciation

Q: The difference between book value of the asset with the proceeds received from its sale, will…

A: The book value of the asset is the cost of the asset less accumulated depreciation.

Q: at cost of unsucc angible asset be

A: Since you have asked multiple question, we will solve the first two for you. If youwant any specific…

Q: When an impairment loss occurs, the carrying amount of the asset should be reduced to its   a) ©…

A: Impairment: It implies to an increase in the fixed asset's carrying value in relation to the price…

Q: The book value of an asset is equal to the: a. asset's market value less its historical cost b.…

A: Book value is the net value of the assets that appears in balance sheet. it is calculated by…

Q: ‘carrying value’ of a depreciable asset is the difference between

A: Carrying value of an asset gives value of Company's asset as on given date after provision of wear…

Q: The book value of an asset is computed as the asset's _____.

A: The assets can be defined as fixed assets and current assets.

Q: What is the cost of the asset being depreciated? Cost of asset %24

A: Under straight line method of depreciation, the value or cost of asset is reduced equally over the…

Q: When a group of assets is acquired for a lump sum price, the total cost should be allocated to the…

A: As per IAS 16 Property plant and equipment, When a group of assets are acquired for a lumpsum…

Q: What is depreciation? Define useful life, residual value, and depreciable cost.

A: Depreciation is a method of allocation of cost of a fixed asset over its useful life. The value of…

Q: The depreciable amount is also called the _________________. Select one alternative: carrying…

A: Depreciable amount is the cost of an asset minus its residual value.

Q: The value of the asset at the end of the useful life is called O a. Book value O b. Useful life O c.…

A: Option A-Book Value: It is the Value of Assets which shown in the books after depreciation.This…

Q: The book value of an asset is defined as ____________________. a. Estimated fair market value b.…

A: Book Value of an asset is the measure of the historical cost of an asset decreased by the total…

Q: The book value of an asset is equal to thea. Replacement cost.b. Asset’s cost less accumulated…

A: Every asset has a limited period of life. With the continuous use of an asset in the course of…

Q: Depreciated replacement cost is equal to the *   a. Sound Value b. Net appreciation c.…

A: The depreciation expense is charged on fixed asset as reduced value of fixed asset with the passage…

Q: . What is the definition of a fixed asset and which expenditures can be added to the capitalized…

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

Q: e amortized cost for a financial asset

A: Amortized cost is the amount at which financial assets are reported on Balance Sheet.

Q: Discuss the residual value of the leased asset. How does it impact the PV of rental payments…

A: Lease means a type of agreement in which one party gives its valuable assets to other party for a…

Q: How much is the initial cost of the asset?

A: Purchase price  Less: Trade discount/Rebate  Add: Import Duties  Add: Non refundable taxes  Add:…

Q: In a lump-sum purchase, the single cost is allocated among the property assets equally.

A: Lump sum purchase means Buying of a different assets with the payment of single amount with no…

Q: The cost of a depreciable asset is referred to as the

A: The Answer :

Q: the equation for book value is: book value = cost of an asset minus its accumulated depreciation.…

A: Asset: Asset is a resource owned by a company from which future economic benefits are expected to…

Q: Salvage value is: O Also called residual value O Also called scrap value O An estimate of the…

A: Solution: salvage value is the value of an asset remaining after it has been fully depreciated. It…

Q: The carrying amount of an item of property, plant and equipment that is subsequently accounted for…

A: The answer is option (3.) [ i.e, the historical cost less any accumulated depreciation and any…

Q: An asset's cost minus accumulated depreciation is its Multiple Choice OO O market salvage residual…

A: Fixed Assets - Fixed assets are the resources of the Company. Depreciated at the end of every year.…

Q: the best technique to use in valuing a tangible loss is: A) A replacement cost B) Market Values C)…

A: Tangible loss means the direct loss of money or property such as lost wages etc.

Q: The estimated economic life of an asset is also known as ________.     A. residual value.     B.…

A: Estimated life refers to the estimated economic life or useful life which means the assets will be…

Q: The book value of an asset is defined as ______

A: The Answer

Q: The difference between book value of the asset with the proceeds received from its sale, will result…

A: The book value of an asset is the value of the asset calculated by deducting the accumulated…

Q: Which of the following characteristics is most likely to diff erentiate investment propertyfrom…

A: Investment is a process of sacrificing the present income for the future return.

Q: right of use asset

A: Correct Answer :- C Sale price

Q: The cost of an asset that is subject to depreciation is called?

A: The cost of an assets that is subject to depreciation is called depreciable cost and not the actual…

Q: 1. What amount should be recorded initially as cost of the right of use asset? 2. What is the…

A: Sometimes company gets the asset on lease means the ownership of the asset remains with the actual…

Q: The difference between the purchase cost of an asset and its value at the end of the life is known…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: What is an impairment loss?   A ) The amount by which the carrying amount of an asset exceeds the…

A: An impairment loss is a recognized decrease in the par value of an asset caused by a deterioration…

Q: Present value of decommissioning and restoration costs are capitalized as PPE and with a…

A: Decommissioning cost is the cost which will be incurred when the asset useful life is over or when…

Q: wo methods the Cost and the Income or Present Value (PV) methods. What is the Concluded Value?

A: Present value is defined as the discounted cash flow technique which applies to weight the items of…

Q: In calculating depreciation, both plant asset cost and useful life are based on estimates.

A: Answer