The book value of an asset is equal to the ________. A) fair ...

[Jkov05]

The book value of an asset is equal to the ________.
 
  A) fair market value minus the accounting value
  B) original purchase price plus annual depreciation expense
  C) original purchase price minus accumulated depreciation
  D) depreciated value plus recaptured depreciation

Question 2

Government is typically a ________.
 
  A) net provider of funds because it borrows more than it saves
  B) net demander of funds because it borrows more than it saves
  C) net provider of funds because it can print money at will
  D) net demander of funds because it saves more than it borrows

[Missbam101]

Answer to Question 1

C

Answer to Question 2

B

[Jkov05]

Excellent

[amcvicar]

TYSM