Difference between revisions of "Book value"
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| − | [[Book value]] (hereinafter, the ''Value'') is cost of equipment less [[accumulated depreciation]]. | + | [[Book value]] (hereinafter, the ''Value'') is cost of equipment less [[accumulated depreciation]]. The ''Value]] can also refer to the [[carrying value]] of a [[bond]]. |
Revision as of 19:58, 20 December 2018
Book value (hereinafter, the Value) is cost of equipment less accumulated depreciation. The Value]] can also refer to the carrying value of a bond.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Book value. Cost of equipment less accumulated depreciation.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
