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    Question

    The portion of the acquisition cost of the tangible asset, yet to be allocated is known

    A Written down value Correct Answer Incorrect Answer
    B Accumulated value Correct Answer Incorrect Answer
    C Realizable value Correct Answer Incorrect Answer
    D Fair Value Correct Answer Incorrect Answer
    E Balance value Correct Answer Incorrect Answer

    Solution

    The portion of the acquisition cost of a tangible asset that is yet to be allocated is known as its written down value. It is also called the book value or the carrying value of the asset. The written down value is calculated by subtracting the accumulated depreciation from the cost of the asset. It reflects the remaining value of the asset that has not yet been depreciated over its useful life

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