Words / B / Business

book value

noun

B1CEFR level
45/100Rarity: uncommon
TechnicalRegister

The value of an asset as recorded in the accounts, being its original cost less accumulated depreciation.

The machine's book value is now close to zero even though we still use it every day.

Similar: carrying value, net book value

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting