(1) The original purchase price of an ASSET. (2) The current accounting value of an asset, typically computed as MARKET VALUE or original purchase price less accumulated DEPRECIATION.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
(1) The original purchase price of an ASSET. (2) The current accounting value of an asset, typically computed as MARKET VALUE or original purchase price less accumulated DEPRECIATION.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.