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  • Accounting (CA - CPT)
  • The portion of the acquisition cost of the asset yet to b...
Multiple choice

The portion of the acquisition cost of the asset yet to be allocated to profit and loss account is known as

  1. book value

  2. accumulated value

  3. realisable value

  4. salvage value

  5. None of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Book value is the original value utilised for acquiring the asset.

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