Net Assets

The value of assets after the depreciation, depletion, amortization, and allowance for doubtful accounts has been deducted.

If a company has assets of $50,000, depreciation of $2,000, and the allowance for doubtful accounts of $3000, the net assets are $50,000 -2,000-3,000 or $45,000.

https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/net-assets/