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.
According to the Strategic Management by David and David (15th edition),
- Book value. Number of shares outstanding times stock price.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
