net book value

net book value. An asset’s value as that value appears on an organization’s books, less the asset’s depreciation since the last valuation. [Cases: Taxation 375(1). C.J.S. Taxation §§ 547–548, 556.]

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词条贡献者

法律翻译Fang，毕业于新加坡知名法学院，专注翻译各类与白领犯罪与调查有关的法律文件。