A depreciable asset’s cost minus accumulated depreciation is called: A. accrued expense B. book value C. residual value D. depreciable value

The answer is B. book value. Book value is the net value of a depreciable asset, which is calculated as the original cost of the asset minus the accumulated depreciation that has been charged to the asset over time. Depreciation is the allocation of the cost of the asset over its useful life, and it reduces the value of the asset on the balance sheet. Therefore, the book value reflects the remaining value of the asset that has not yet been depreciated. It is important to note that the book value of an asset may not represent its fair market value or its actual worth, but rather its accounting value.