The book value of the asset sold is calculated as O a. Book Value = Cost - Depreciation for the year O b. Book Value = Cost - Accumulated Depreciation Oc Book Value = Cost - Salvage Value O d. Book Value = Cost - Sale Value Cheque deposited for collection was honoured and recorded properly by the bank will O a Decrease in Bank book balance. O b. Increase in Cash book balance. Oc Decrease in Cash book balance O d. Increase in Bank book balance