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Statement # 3 : The book value of one of Blue Hamster s fixed assets is calculated as the original cost of the asset minus
Statement #: The book value of one of Blue Hamsters fixed assets is calculated as the original cost of the asset minus its annual depreciation expense.
This statement is because:
An assets net book value is calculated by adding its annual depreciation expense to its total historic and installation costs.
An assets net book value is calculated by subtracting its annual depreciation expense from its total historic and installation costs.
An assets net book value is calculated by subtracting its accumulated depreciation expense from its total historic and installation costs.
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