The original value of an asset minus the

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Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Financial Mathematics

Question:

The original value of an asset minus the accumulated depreciation at a given date is known as

Options:

Salvage value

Book value

Scrap value

Lost Value

Correct Answer:

Book value

Explanation:

The correct answer is Option (2) → Book value

The original cost minus accumulated depreciation gives the book value of an asset.

Final answer: Book value