The Book or Carrying Value of an Asset Is

Multiple Choice

The book or carrying value of an asset is:

A) its acquisition cost less the accumulated amortization from the acquisition date to the balance sheet date.
B) its acquisition cost plus accumulated amortization from the acquisition date to the balance sheet date.
C) the amount that could be obtained for the asset on the balance sheet date if it were sold.
D) the annual cost of carrying the asset in inventory.