A truck cost $68,500 and has accumulated depreciation of $27,400. What book value remains?
Correct Answer
D) $41,100
Book value is $68,500 − $27,400 = $41,100. Accumulated depreciation of $27,400 is the reduction already recorded, not the remaining value. No other carrying-value adjustments are supplied, and book value is not a prediction of resale proceeds.
Why This Is the Correct Answer
Book value is $68,500 − $27,400 = $41,100. Accumulated depreciation of $27,400 is the reduction already recorded, not the remaining value. No other carrying-value adjustments are supplied, and book value is not a prediction of resale proceeds.
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