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a company sells plant asset that originally cost
$240,000
Question: The <a href=book value of an asset is equal to the replacement cost of the asset. asset’s fair value le…” />

Show transcribed image text The book value of an asset is equal to the replacement cost of the asset. asset's fair value less its historical cost. blue book value relied on by secondary markets. asset's cost less accumulated depreciation.

The book value of an asset is equal to the replacement cost of the asset. asset's fair value less its historical cost. blue book value relied on by secondary markets. asset's cost less accumulated depreciation.

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