Book value

Tax Glossary Definition

Book value

Book Value – The recorded worth of an asset or liability as shown in a company’s financial statements. It is determined by taking the asset’s acquisition cost and subtracting any accumulated depreciation or amortization. When referring to the company as a whole, book value can also mean the net asset position — total assets less total liabilities — which reflects shareholders’ equity.

Example: If a business acquires machinery for ₹10,00,000 and the accumulated depreciation amounts to ₹4,00,000, the machine’s book value would be ₹6,00,000.

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