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imported>Doug Williamson |
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| The value as recorded in a company’s books, in other words its accounts including its published balance sheet. | | The risk that all or part of the principal may be lost. |
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| | | [[Category:Cash_and_Liquidity_Management]] |
| Historically, the book value of an asset was generally its original cost less any depreciation or other write-down in value.
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| This was distinct from - and could be very different from - prevailing market value, the fair market price which the asset might be expected to raise if offered for sale.
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| In order to address the problems arising from differences between book values and market values, accounting practice has moved substantially toward a system of book valuation which is aligned much more closely with market values.
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| == See also ==
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| * [[Book entry]]
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| * [[Equity]]
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| * [[Market value]]
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| * [[Market value added]]
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| * [[Net book value]]
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| * [[Return on capital employed]]
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| * [[Shareholders’ funds]]
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| * [[Write down]]
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| [[Category:Accounting,_tax_and_regulation]] | |
Revision as of 22:04, 3 March 2014
The risk that all or part of the principal may be lost.