CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

The book value of property, plant, and equipment is the ______.
A. difference between market value and any accumulated depreciation to date
B. difference between original cost and any accumulated depreciation to date
C. amount of deferred taxes due to the timing difference in depreciation expense for tax purposes and financial reporting
Explanation: The difference between an item of property, plant, and equipment's original cost and any accumulated depreciation to date is the book value of the item.

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