Question:
The value of a fixed asset after deducting depreciation from the historical cost is called:
The value of a fixed asset after deducting depreciation from the historical cost is called:
Show Hint
Book value = Historical cost- Accumulated depreciation.
Updated On: Dec 18, 2024
- Fair value
- Book value
- Market value
- Net realisable value
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
The Book Value of a fixed asset is calculated by deducting the accumulated depreciation from the asset’s historical cost. It represents the asset’s recorded value in the books of accounts.
Was this answer helpful?
0
0
Top Questions on Depreciation
- An MRI machine is purchased by a hospital at Rs 27 lakhs with an expected life of 12 years. What will be the value of annual depreciation?
- CUET (UG) - 2024
- Economics
- Depreciation
- Chandra Ltd. purchased a second-hand machine for Rs. 80,000 on 1st July, 2020 and spent Rs. 30,000 on its overhaul and installation. Depreciation was to be provided @ 10% p.a. by written down value method. Prepare machinery account for 3 years assuming the books are closed on 31st March every year.
- Under which method of charging depreciation more amount is charged in the initial years as compared to the later years of its life? Give any two merits of this method.
- Depreciation is provided in S.L.M. on cost of:
- Estimated sale value of an asset after its working life is called:
View More Questions
Questions Asked in CBSE X exam
आप अदिति / आदित्य हैं। आपकी दादीजी को खेलों में अत्यधिक रुचि है। ओलंपिक खेल-2024 में भारत के प्रदर्शन के बारे में जानकारी देते हुए लगभग 100 शब्दों में पत्र लिखिए।
- CBSE Class X - 2025
- पत्र लेखन
- "Proteins control the expression of various characters." Explain this statement by taking an example of "tallness" as a characteristic in plants.
- CBSE Class X - 2025
- Heredity and Evolution
- ABCD is a rectangle with its vertices at (2, --2), (8, 4), (4, 8) and (--2, 2) taken in order. Length of its diagonal is
- CBSE Class X - 2025
- Co-ordinate Geometry
मुझसे हँसा नहीं जाता । (वाच्य पहचानकर भेद का नाम लिखिए)
- Check whether the following system of equations is consistent or not. If consistent, solve graphically: \[ x - 2y + 4 = 0, \quad 2x - y - 4 = 0 \]
- CBSE Class X - 2025
- Linear Equations
View More Questions