Deemed cost represents a substituted value for the net book value of an asset when an entity transitions to a new accounting regime. This approach allows entities to treat assets as if initially recognized at this value on the specified date.
Depreciated cost, also known as depreciated value or net book value, is the value of an asset after accounting for depreciation. This concept is vital for businesses to manage asset values accurately over time.
The diminishing-balance method, also known as the reducing-balance method, is a way of calculating depreciation of fixed assets whereby the annual depreciation charge is a fixed percentage of the depreciated value at the beginning of each period.
A comprehensive listing of a company's fixed assets, detailing each asset's location, cost, revaluation, estimated net value, useful economic life, depreciation method, accumulated depreciation, and net book value.
Net Book Value (NBV) represents the carrying value of an asset on a company's balance sheet, calculated by subtracting accumulated depreciation or amortization from its original cost. It reflects the current value of a company's assets for accounting and investment decision purposes.
Net Book Value (NBV) represents the value at which an asset appears in the books of an organization, accounting for depreciation since purchase or revaluation.
