Difference between revisions of "Book value"
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==Related concepts== | ==Related concepts== | ||
| − | + | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | |
==Related lectures== | ==Related lectures== | ||
Revision as of 19:24, 10 July 2020
Book value (hereinafter, the Value) is cost of equipment less accumulated depreciation. The Value can also refer to the carrying value of bonds.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Book value. Cost of equipment less accumulated depreciation.
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Book value. The original cost minus accumulated depreciation of an asset.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
