c. accrued property taxes assumed by the purchaser d. title fees The term "FOB" denotes a. free on board b. freight on board O O O c. free only (to) buyer. d. freight charge on buyer. The book value of an asset is equal to the O a. asset's fair value less its historical cost b. blue book value relied on by secondary markets. O O O O replacement cost of the asset d. asset's cost less accumulated depreciation Beginning inventory plus the cost of goods purchased equals