The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ?
Correct answer: B. Book value
- A. Open value
- B. Book value
- C. Real value
- D. Artificial value
Explanation
Book value is the amount at which an asset is recorded in a firm's accounting records, usually after depreciation. It can differ substantially from the asset's current market or selling value.
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