This glossary uses Visual Finance™ to bring financial terms to life. Each example shows data from the Round Number Company, a fictional business with simplified figures to make learning easier. For more details, visit 'How to Read Visual Finance'.
Book Value of Assets is the value of Current Assets and Fixed Assets as they are listed on the Balance Sheet. (The Market Value is the amount the assets could be sold for.)
Calculation: Purchase value of Assets less accumulated Depreciation.
The above is our generic explanations of common corporate financial terminology. Actual meanings can vary widely from company to company; in order to have the correct internal definition you need to ask your Finance Department, "What do you mean by that?"