Accounting Dictionary - Accounting Terms & Definitions
A: Net Book Value
Net Book Value is an amount which represents value of the fixed asset reflected on the Balance Sheet and which is a difference between the Cost of the asset and Accumulated Depreciation, i.e. share of the cost which was included into the expenses through the period the asset was already used in the operations of the business.
Rarely Net Book Value corresponds to the fair value of the asset, i.e. value for which the asset can be sold at the particular date.
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