That is a good question that a lot of people get confused about. In accounting, assets are recorded on your books at cost (what you paid for them). That value (less any accumulated depreciation or...
Yes definitely! And it is often the case that book value is lower than market value. Because financial statements are recorded under regulations, the accountants method of recording assets and...
market value is based on demand for the asset, whereas book value is based off the asset's depreciation rate (BV= cost - accumulated deperciation) which is determined by useful life and salvage...
