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Good day Sir 🙂
I would like to know the difference between:
Net book value
Book value
Carrying value (I believe this is the same with carrying amount which is cost – accumulated dep.)
Market Value
Thank you in advance Sir Moffat 🙂 God Bless!
Net book value, book value, and carrying value, all mean the same thing – cost less accumulated depreciation.
Market value is the current value of the asset, which is normally not relevant in financial accounts.
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