the monetary amount of an asset on a company's balance sheet. The value of an asset is put on the books at the cost when purchased and then reduced each year as depreciation is charged to income. Thus, the book value of an asset at any time is the historic cost minus the accumulated depreciation. In conventional accounting practise it seldom represents a current market value i.e. replacement cost or net realisable value., is used to define the net asset value of a company's securities, normally calculated by using the following formula: total assets minus intangible assets (good-will, patents) minus current liabilities minus any long term liabilities and equity issues that have a prior claim equals total net assets available for payment of the issue under consideration. The total net asset figure divided by the number of bonds, shares or preferred stock or shares of common stock gives the net asset value or book value per bond or per share of preferred or common stock., väärtus, millega varad on kirjendatud kontodesse ja esinevad ka bilansis. Aktivate arvestusväärtus on turuväärtusest tavaliselt madalam, sest põhivara kantakse raamatupidamise registritesse enamasti kõige madalama hinnaga, amortiseeritavate varade puhul aga jääkväärtuses (varade soetamiseks tehtud kulutuste ja amortiseeritud osa vahena)