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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Par delictum Derivative action Turnover
Equity Line Cuba Clause Contra
Vendors In camera Possession
Franchise Contingent liabilities Memorandum of Understanding
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Residual Input Tax Trial bundles Greenwashing
Ringgit Pseudonymous SMTP

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

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