What is the book value of an asset, Accounting Basics

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What is the book value of an asset

Response to the following questions:

1. How does a company categorize land held for investment on its balance sheet?

2. What is the book value of an asset?

3. What is the relationship between the book value and the market value of an asset during the life of the asset?

If possible, please give examples to better understand your response.

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Accounting Basics: What is the book value of an asset

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Accounting Basics: What is the book value of an asset

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