Question
The portion of the acquisition cost of the tangible
asset, yet to be allocated is knownSolution
The portion of the acquisition cost of a tangible asset that is yet to be allocated is known as its written down value. It is also called the book value or the carrying value of the asset. The written down value is calculated by subtracting the accumulated depreciation from the cost of the asset. It reflects the remaining value of the asset that has not yet been depreciated over its useful life
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