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The book value of a fixed asset on Balance Sheet is _______ a. the cost of an asset less accumulated depreciation for the same asset.

The book value of a fixed asset on Balance Sheet is _______ a. the cost of an asset less accumulated depreciation for the same asset. b. the accumulated depreciation of an asset less cost of same asset. c. the same as market value of the fixed asset. d. None of these choices are correct

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