Accountancy, asked by Shreyahazra7970, 9 months ago

What is book value and cost

Answers

Answered by kinghappy

Answer:

Definition of Book Value

Book value of an asset is: the asset's cost minus the asset's accumulated depreciation. ... Unamortized issue costs reported as a debit balance in Bond Issue Costs. Unamortized premium reported as a credit balance in Premium on Bonds Payable.

Explanation:

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