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Net Book Value

Definition

Net Book Value (NBV) is the value of an asset after subtracting accumulated depreciation from its original cost.


Key Points


  • Appears on the balance sheet
  • Used when calculating gain or loss on asset disposal
  • Important for tax adjustment purposes
  • Reflects carrying value for accounting purposes


Example

An asset purchased for AED 100,000 with AED 60,000 accumulated depreciation has a Net Book Value of AED 40,000.

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