Concept information
Preferred term
book value
Definition
- The book value of a fixed asset is the historic acquisition cost of the asset minus accumulated depreciation and write-offs. It may also be referred to as the carrying value, because it is the value carried on the books of an organization at any point in time. [Source: Encyclopedia of Health Care Management; Book Value]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/book_value
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