A fixed asset's estimated value at the time it is to be retired from service is called a.residual value b.book value c.carrying value d.market value

Question

asked Dec 20, 2021 114k views

1 Answer

Jlbelmonte · Answer 1 · 2021-12-27T14:36:57+0000

Answer:

a.residual value

Step-by-step explanation:

Book value or carrying value is the value of the asset on the balance sheet. It is equal to cost of the asset less accumulated deprecation.

Market value is the value of an asset in the market.

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