from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. The monetary amount by which an asset is valued in business records, a figure not necessarily identical to the amount the asset could bring on the open market.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. The value of an asset as reflected on an entity's accounting books, without accounting for appreciation or depreciation.
  • n. The price for which an item or service should be bought or sold, usually as related in a printed collection of prices for similar items or services.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. the value at which an asset is carried on a balance sheet; equals cost minus accumulated depreciation


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