The difference between the balance of a fixed asset account and the related accumulated depreciation account is termed a. historical cost b. contra asset c. market value d. book value

The difference between the balance of a fixed asset account and the related accumulated depreciation account is termed as "book value".

Answer: Option D

Explanation:

An asset's value as per the balance of its balance sheet account in accounting is known as "book value". For securities, the value depends on the asset's original price, minus any cost of depreciation, amortization, or impairment against the property.

Practically, the book value may vary depending on the source of the measurement including goodwill, intangible assets or even both. The underlying value of its labor force, which is part of a firm's intellectual capital, is always disregarded. When intangible assets and goodwill are exempted, it is often stated that the calculation is tangible book value.