Book value

Updated: Aug 20, 2021

An accounting term describing the recorded value of an asset in the books of a business. This may be the original cost (known as historical cost) of the asset or, where periodic revaluations are made, the last decided value. Book value should be carefully distinguished from net book value, which is the book value less amounts written off by way of depreciation or other wastage.

Reference: The Penguin Business Dictionary, 3rd edt.

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