CFA Practice Question

There are 520 practice questions for this study session.

CFA Practice Question

What is the cost of a fixed asset less its accumulated depreciation?

A. Net realizable value
B. Net book value
C. Salvage value
Correct Answer: B

The difference between the cost of a fixed asset and its accumulated depreciation is called its net book value or simply its book value.

User Contributed Comments 0

You need to log in first to add your comment.