Net book value of a fixed asset is its_____________.

Historical cost

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Historical cost less accumulated deprecation

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Historical cost less gross book value

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Fair market value

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Historical cost less accumulated deprecation
Net Book Value is the value of fixed assets after deducting the accumulated depreciation, and accumulated impairment expenses from original cost of fixed assets. Accumulated depreciation expenses are the total depreciation expenses of assets from the beginning to the reporting date.

Suggest Corrections

Similar questions

Q. Gross book value of a group of asset is Rs.

130, 000

and total accumulated depreciation of Rs.

24, 000

and current depreciation of Rs.

2000

. The net book value of the asset is ____________.

A fixed asset costing Rs. 12,000 was sold for Rs. 5,000. At the date of disposal, it's net book value is Rs. 2,000.
What is the profit or loss on disposal of this fixed asset?

If book value of a fixed asset equals to market value or sale proceeds of a fixed asset then :

Q. Net Block ( Book Value ) = Gross Block (cost) - __________.

Q. Depreciation = Cost of asset less scrap value / Estimated working _____ of assets.

Join BYJU'S Learning Program