For capital allowances purposes, the balance of expenditure in respect of which capital allowances have not yet been claimed.
The book value of something like a car is what it should be worth. The written down value is actually what somebody would be willing to pay for it.
Obsolete asset is that asset which suddenly becomes obsolete due to any technological change or any reason and has no value while written down asset is asset which is usable asset with written down value
Under written down balance method depreciation is charged from original value and after that on written down balance until useful life of asset and any amount remaining at the end of useful life is the salvage value.
Book Value: It is the value of item at time of purchase of asset or called original cost. Written down value: it is the depreciated value from time of purchase to current period after providing deprecitiation from purchase time to current period.
Salvage Value - [Tax * (Market Value - Book Value)
James M. Bickley has written: 'Flat tax proposals' -- subject(s): Flat-rate income tax 'Value-added tax as a new revenue source' -- subject(s): Value-added tax 'A value-added tax contrasted with a national sales tax' -- subject(s): Use tax, Value-added tax
Dayna B. Andrews has written: 'Value-added tax (VAT) and flat tax proposals' -- subject(s): Flat-rate income tax, Value-added tax
Erik Caspersen has written: 'Is a value added tax progressive?' -- subject(s): Progressive taxation, Value-added tax
Chandra Mani Adhikari has written: 'Value added tax in Nepal' -- subject(s): Law and legislation, Value-added tax
Stephen P. Dresch has written: 'Substituting a value-added tax for the corporate income tax' -- subject(s): Corporations, Income distribution, Prices, Taxation, Value-added tax
Puspa Kandel has written: 'Tax laws and tax planning in Nepal' -- subject(s): Accounting, Income tax, Law and legislation, Tax planning, Value-added tax
Pierre Guieu has written: 'The Sixth Council Directive on value added tax' -- subject(s): European Economic Community countries, Value-added tax
The salvage value will always be more in the case of written down value method as compared to straight line method. Presently written down value methods are given importance.
Ngotho wa Kariuki has written: 'Fundamentals of income taxation in Kenya' 'An introduction to value added tax (VAT) in Kenya' -- subject(s): Value-added tax
Dorothy Johnstone has written: 'A tax shall be charged' -- subject(s): Tax administration and procedure, Value-added tax
Jan Pedersen has written: 'Skatte- og momsstrafferet' -- subject(s): Criminal provisions, Income tax, Law and legislation, Tax evasion, Value-added tax
written down value method is better