Net Assets

Accounting Dictionary

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.

Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!