Book value: the recorded cost of a fixed asset less depreciation, reflecting its carrying amount for accounting purposes. Book value denotes the value of a fixed asset as recorded in an organisation's accounting records and represents the asset's original cost less ... Summary
Book value: the recorded cost of a fixed asset less depreciation, reflecting its carrying amount for accounting purposes.
Book value denotes the value of a fixed asset as recorded in an organisation's accounting records and represents the asset's original cost less accumulated depreciation, applying to tangible capital items such as buildings and machines and reflecting the carrying amount shown on the balance sheet.
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