What is the net book value of a noncurrent asset?
The net publication value of a noncurrent resource is the net quantity revealed on the stability piece for a long-term resource.
To show you net publication value, we will believe that several decades ago an organization bought devices to be used in its company. The equipment’s price was $100,000 and its gathered devaluation as of its latest stability piece time frame was $40,000. This implies that up to the stability piece time frame $40,000 of the asset’s price had been revealed as Depreciation Cost. It also indicates that the equipment’s net publication value is $60,000 ($100,000 of price without $40,000 of gathered depreciation). Net publication value or basically publication value indicates that $60,000 of the noncurrent asset’s price has not yet been energized to devaluation expenditure.
Net publication value or publication value can also be associated with noncurrent resources other than set resources. Two for example long-term assets and unamortized connection problem expenditures.
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