Business Terms and Jargon Explained

What is Net Book Value

Is the cost of a fixed asset less depreciation. E.g., a computer cost 5000 one year ago and was depreciated by 1000 for the year. The net book value will be 4000. If the asset continues to be depreciated by 1000 each year then after four more years the net book value would be zero.

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KITING Garage Sale Voluntary Liquidation
Withholding Tax Exhibit Entitled Destinations
Mortgage Offer Variable Rate Loan DNO
Interpleader Voidable Alternative investment
Company Secretary High Court Principal
Statutory register National Insurance (NI) Buy-in
HMAC House Organ Vest
Garnishee Order Authentication Market Prices
N323 Civil Court form Chambers Discount allowed
Accounting method Batch production Title
Venire Budget account Taxing authority
Declaration Date Prospecting Admission of evidence
Inter partes Berne Convention Escrow

Term created / updated 2005-07-16 23:12:15

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