Net-book value

Depreciation and Amortization
Vocabulary Term #838
Noun (thing)
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UK
Net-book value
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UK
the current value of an asset shown in the accounting documents
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UK
"The car was purchased for $30,000, now only one year later the net-book value is $22,000, which shows a depreciation rate of $8,000 in year one."
Accounting, Banking, and Finance dictionary
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