Q387
Values of assets purchased or liabilities recorded as recorded by bookkeepers are considered as
A.
appreciated values
B.
depreciated values
C.
market values
D.
book values
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Values of assets purchased or liabilities recorded as recorded by bookkeepers are considered as book values. Book value is also the net asset value of a company calculated as total assets minus intangible assets (patents, goodwill) and liabilities.