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    Fundamental Accounting Principles Study Set 5
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    Exam 10: Long-Term Assets
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    The Total Cost of an Asset Less Its Accumulated Depreciation
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The Total Cost of an Asset Less Its Accumulated Depreciation

Question 114

Question 114

Multiple Choice

The total cost of an asset less its accumulated depreciation is called:


A) Historical cost.
B) Carrying amount.
C) Present value.
D) Current (market) value.
E) Replacement cost.

Correct Answer:

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