Business Glossary
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original cost of a fixed asset less accumulated depreciation ; this is the net book value of the asset.
original cost of a fixed asset less accumulated depreciation . This is the adjusted basis of the asset.
same as book value or adjusted tax basis .
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

