UK Accounting Glossary
Cost of non-current (fixed) asset minus accumulated depreciation.
Net book value is the value at which a company carries an asset on its balance sheet. It is equal to the cost of the asset minus accumulated depreciation.
NBV = Cost of The Assets – Accumulated Depreciation.
People often use the term net book value interchangeably with net asset value (NAV), which refers to a company’s total assets minus its total liabilities.
Net Book Value = Cost of the Asset – Accumulated Depreciation
Net book value (NBV) is the amount at which an organisation records an asset in its accounting records. Net book value is calculated as the original cost of an asset, minus any accumulated depreciation, accumulated depletion, accumulated amortisation, and accumulated impairment.
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This glossary post was last updated: 23rd December 2018.