Difference between revisions of "Book value"
(→Definitions) |
|||
| Line 4: | Line 4: | ||
==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Book value]]. Cost of equipment less accumulated depreciation. | + | :[[Book value]]. Cost of equipment less [[accumulated depreciation]]. |
==Related concepts== | ==Related concepts== | ||
Revision as of 11:16, 17 December 2018
Book value (alternatively known as byby; hereinafter, the byby) is cost of equipment less accumulated depreciation.
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.
