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which one of the following regarding the book value of an asset is correct? 1it is the fair value of the asset is sold. 2it

which one of the following regarding the book value of an asset is correct?

1it is the fair value of the asset is sold.

2it reflects the original cost of the asst less accumulated depreciatiin

3it is the original cost of the asset minus the depreciation expense for that asset during the year.

4 it is the original cost at which the asset was purchase

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