Accounting Dictionary
Net Book Value
The value of assets after the depreciation, depletion & amortization, have been deducted.
If a company has assets of $50,000, depreciation of $2,000, the net book value is $50,000 -2,000 or $48,000.
https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/net-book-value/
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