Computer · Estimating and Costing
What is the primary difference between the book value and market value of a property?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Book value is fixed by the rate of appreciation, whereas market value is always half of the depreciation value.
- 2Book value is the value fixed by the buyer, whereas market value is fixed solely by the original seller.
- 3Book value is fixed by the purchaser at the time of sale, whereas market value is fixed by the annual rate of depreciation.
- 4Book value is the value fixed by deducting depreciation from the original cost, whereas market value is the price fetched in the open market at any given time.✓
Correct answer
Book value is the value fixed by deducting depreciation from the original cost, whereas market value is the price fetched in the open market at any given time.
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