Management Glossary

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book value
The tangible value of an asset as recorded in an organization's financial statements. The book value may differ from the value that the asset could be sold for in the open market. However, since accounting rules generally require that the value of an asset of an organization be reduced to market value when that is lower than the value previously recorded in the company's books, book value should always be less than or equal to market value.

The book value of an entire company does not include the value of any intangible assets, such as goodwill, that may be recorded in the company's financial statements.
Contributed by: ManagerWise Staff

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