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book value definitionQuestion What is the definition of "book value"?
Answer Book value is an accounting term for the value of an asset as reported on the balance sheet. Book value may, depending on the applicable tax regulations and acceptable accounting practices adopted by the company, be valued at its cost of acquisition, depreciated value, market value, depleted value or actual value.
Book value may also be the surplus, or deficit, of a business if it were to close immediately. 
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