Book value
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.
