Civil Engineering - UPSC Civil Service Exam Questions - Discussion

Discussion Forum : UPSC Civil Service Exam Questions - Section 12 (Q.No. 39)
39.
Consider the following statements :
1. Book value is the unamortized cost of the asset as it still appears on the accounting books of the business.
2. Termination of economic life implies disposal of the equipment.
Which of the statements given above is/are correct ?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Answer: Option
Explanation:
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Discussion:
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