The value of a fixed asset after deducting depreciation is known as its —

CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · December 2013
The value of a fixed asset after deducting depreciation is known as its —
(A) Book value
(B) Market value
(C) Face value
(D) Realisable value.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Book value.

Topics: Fundamentals of Accounting and Auditing

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