Question

The portion of the acquisition cost of the asset, yet to be allocated is known as ___________.

• A. Written down value
• B. Accumulated value
• C. Realised value
• D. Salvage value

Answer 1

The correct option is A Written down value

Written down value.

Written-down value is the value of an asset after accounting for depreciation or amortization. It is calculated by subtracting accumulated depreciation or amortization from the asset's original value, and it reflects the asset's present worth from an accounting perspective.
It is that value of asset on which depreciation has not yet been charged and can be seen in balance sheet as net book value of asset.