The value of an asset at any given time is called book value. It ...

[charchew]

The value of an asset at any given time is called book value. It is calculated by taking the original cost less the accumulated depreciation to that point.
  Indicate whether the statement is true or false

Question 2

The abbreviation gro on an invoice refers to the term grocery.
  Indicate whether the statement is true or false

[maya.nigrin17@yahoo.com]

Answer to Question 1

TRUE

Answer to Question 2

FALSE

[charchew]

Thanks for the timely response, appreciate it

[zacnyjessica]

Great answer, keep it coming