Book Value

From LinkedAUB Collab
Jump to navigation Jump to search

Description

The net amount at which an asset appears in financial statements. For depreciable assets, book value represents cost minus accumulated depreciation. Also called carrying value.

Concept Prerequisite

Wikipedia Reference

http://en.wikipedia.org/wiki/Book Value

Learning Material

Covered in Topic(s)

 
The Accounting Cycle: Accruals & Deferrals