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The meaning of the term book value will depend on how you are using it. If it is referred to as a company, it would mean how much money would be left over if the company went out of business immediately. If referring to a car, it would be the amount of money the car is worth at that particular time.

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10y ago
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1mo ago

Book value refers to the value of an asset as reported on a company's balance sheet, calculated by subtracting the asset's accumulated depreciation from its original cost. It indicates the original cost of the asset minus any accumulated depreciation, providing a rough estimate of the asset's current worth on the company's financial statements.

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Q: What does the term book value mean?
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