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Basic Question 7 of 19

What is the cost of a fixed asset less its accumulated depreciation?

A. Net realizable value
B. Net book value
C. Salvage value

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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

analyze and interpret financial statement disclosures regarding property, plant, and equipment and intangible assets

CFA® 2024 Level I Curriculum, Volume 2, Module 7.