The book value of a long-lived tangible asset is equal to: Multiple Choice its...

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Accounting

The book value of a long-lived tangible asset is equal to:
Multiple Choice
its acquisition cost less the accumulated depreciation from the acquisition date to the balance sheet
date.
its acquisition cost plus accumulated depreciation from the acquisition date to the balance sheet date.
the amount that could be obtained for the asset on the balance sheet date if it were sold.
the annual cost of carrying the asset in inventory.
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