the book value of a plant asset is the: a. accumulated depreciation less the cost of the asset. b. cost of…

the book value of a plant asset is the: a. accumulated depreciation less the cost of the asset. b. cost of the asset less the accumulated depreciation. c. balance in the accumulated depreciation account. d. cost of the asset.

the book value of a plant asset is the: a. accumulated depreciation less the cost of the asset. b. cost of the asset less the accumulated depreciation. c. balance in the accumulated depreciation account. d. cost of the asset.

Answer

Brief Explanations:

The book - value of a plant asset is calculated by subtracting the accumulated depreciation (the total depreciation over the asset's life) from the original cost of the asset. This represents the net value of the asset on the company's books.

Answer:

B. cost of the asset less the accumulated depreciation.