Meaning of “net book value” in the English Dictionary

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"net book value" in Business English

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net book valuenoun [ S or U ]

uk us abbreviation NBV ACCOUNTING

the value of an asset calculated by subtracting depreciation (= reduction in its value) from its cost:

The company said the net book value of assets at the date of completion is approximately €800m.

the value of a company, calculated by subtracting depreciation (= reduction in its value) from the difference between the value of its total assets and total debt:

The company has an estimated net book value of about 88 million.

(Definition of “net book value” from the Cambridge Business English Dictionary © Cambridge University Press)