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Anonymous users2024-02-06Fixed asset. The difference between book value and original book value is:
Book value refers to the depreciation of purchased fixed assets.
The value after impairment provision generally refers to the original value - accumulated depreciation.
Impairment provisions. The original book value refers to the value included in the cost of fixed assets when you purchase them, and generally refers to your purchase price.
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Anonymous users2024-02-05The main difference between the book value and the original book value of fixed assets is that the fixed assets are depreciated, which is different.
1. The original value of fixed assets is the abbreviation of "original value of fixed assets", also known as "original cost of fixed assets", "original acquisition cost" or "historical cost". It reflects the investment in fixed assets and the production scale and equipment level of the enterprise. It is also the basis for accounting for fixed assets and calculating depreciation.
It refers to all the expenses actually incurred by enterprises and institutions in the construction and purchase of fixed assets, including construction costs, purchase prices, transportation and miscellaneous expenses, installation costs, etc.
2. The book value of fixed assets is the net amount of the book balance of the fixed asset account minus the relevant allowance items. The allowance account generally refers to the accumulated depreciation (amortization), asset impairment provision, etc.
Extended Materials
The difference between the original book price, the book balance, the book value and the net book value:
The original book price generally refers to the historical cost of the asset.
The book balance refers to the summary of the balances of all detailed accounts of an accounting account (account), that is, the total account balance. For example, long-term equity investments accounted for by the equity method include detailed account balances such as costs, profit and loss adjustments, and other equity changes.
Book value is the balance of the book balance minus its contra account. The allowance account generally refers to the accumulated depreciation (amortization), asset impairment provision, etc.
Net book value is generally for fixed assets, intangible assets, and investment real estate measured on a cost basis. The net book value is equal to the original book price minus the amount of accumulated depreciation and accumulated amortization accrued, and it does not deduct impairment provisions.
For fixed assets:
Book value Original value of fixed assets Provision for impairment Accrued accumulated depreciation;
Book Balance The original book value of the fixed asset;
Net book value Depreciation value of fixed assets Original value of fixed assets Accrued depreciation.
For intangible assets:
Book value, original value of intangible assets, provision for impairment, accumulated amortization;
Book Balance The original book value of an intangible asset;
Net book value Amortized value of intangible assets Original price of intangible assets Accumulated amortization.
For investment properties that are subsequently measured at cost:
Original book price = book balance.
Net book value = book balance - accumulated depreciation (amortization).
Book Value = Book Balance - Accumulated Depreciation (Amortization) - Impairment Provision.
For long-term equity investments, held-to-maturity investments:
Book Value = Book Balance - Provision for Impairment.
For tradable financial assets, available for ** financial assets:
The book value is equal to the book balance.
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Anonymous users2024-02-04Book valueOriginal value of fixed assets Provision for impairment AccrualAccumulated depreciation
In the case of fixed assets, the book value refers to the difference between the original price of the fixed asset and the provision for impairment and the accumulated depreciation (i.e., net fixed assets). The book value is usually the same as the book balance.
The net book value appears together, but there is a clear difference between them, and we must pay attention to the distinction when calculating, so as to avoid calculation errors caused by confusion of concepts. The formula for correctly calculating the book value of a fixed asset is, Fixed Asset Book Balance - Fixed Asset Depreciation.
or amortization - provision for impairment of fixed assets.
Book value is the net amount of the carrying balance of an account (usually an asset class account) minus the relevant allowances. The book balance refers to the actual book balance of an account, which is used as an item that does not deduct the allowance for the account (such as accumulated depreciation, impairment provision for related assets, etc.).
Book value refers to accounting purposes.
The principles and methods of measurement reflect the corporate value of measurement.
Junior Accounting Title Examination.
The knowledge points of the chapter are summarized, and I wish you easy forensics.
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PC Question Bank.
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Anonymous users2024-02-03The carrying amount of a fixed asset is the balance of the original price of the fixed asset minus the provision for impairment and the accumulated depreciation.
Book value Original value of fixed assets Provision for impairment Accrued accumulated depreciation;
Book Balance The original book value of the fixed asset;
Net book value (net fixed assets) = depreciated value of fixed assets = original price of fixed assets - accumulated depreciation accrued.
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Anonymous users2024-02-02The book value of a fixed asset refers to the difference between the original price of a fixed asset and the provision for impairment and the accumulated depreciation (i.e., the net amount of fixed assets).
The formula for calculating the book value of fixed assets is as follows: book value = original price of fixed assets - provision for impairment - accumulated depreciation accrual; Net book value (net fixed assets) = depreciated value of fixed assets = original price of fixed assets - accumulated depreciation accrued.
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Anonymous users2024-02-01Book value refers to the difference between the original price of a fixed asset and the provision for impairment and the accrued depreciation (i.e., net fixed assets).
Book value usually appears together with book balance and net book value, but there is a clear difference between them, and we must pay attention to the distinction when calculating to avoid calculation errors caused by confusion of concepts.
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Anonymous users2024-01-31The book value is the balance of the original value of the fixed asset - accumulated depreciation - impairment of the fixed asset.
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Anonymous users2024-01-30The original value is the sum of all costs that should be credited to the original value of the fixed assets incurred when purchasing and constructing fixed assets, and after being credited to the account, the amount remains unchanged except for the adjustment when there is a specified increase or decrease; Net value is the net amount of the original value of fixed assets minus the accumulated depreciation of allowances and the provision for impairment of fixed assets, which should be less than the original value and cannot be greater than the original value.
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Anonymous users2024-01-29The original value is generally the value at the time of initial entry, i.e. the original cost of the fixed asset. The net book value of a fixed asset is the original value of the fixed asset minus the accumulated depreciation. The net book value of fixed assets is generally smaller than the original value, and the degree of newness of fixed assets can be known by comparing the original value with the net value.
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Anonymous users2024-01-28The original value is deducted nothing.
The net book value is after deducting depreciation and salvage value!
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Anonymous users2024-01-27There are differences, which are as follows.
1. The balance is different: the book value of fixed assets.
Refers to an account.
, net of the relevant allowance items. Net book value is the original value of fixed assets minus accrued accumulated depreciation.
after the balance. 2. The formula is different: the book value of fixed assets = the original price of fixed assets, the provision for impairment, and the accumulated depreciation; Net book value (net fixed assets) = Depreciation value of fixed assets = Original price of fixed assets Accrual of accumulated depreciation of vertical banks.
The book value of an asset is the value of the asset recorded in the book in accounting. This valuation method does not take into account the current fluctuations in the asset market** and does not take into account the income status of the asset, so it is a static valuation standard. Net book value is the balance of the original value of the asset minus accrued accumulated depreciation (or accumulated amortization).
3. For fixed assets: net book value = original price of fixed assets - accumulated depreciation; For intangible assets: net book value = original price of intangible assets - accumulated amortization accrued.
Extended Materials1. Fixed assets:
1. Book balance The original book value of fixed assets.
2. Net book value Accumulated depreciation accrued at the original price of fixed assets.
3. Book value Original value of fixed assets Provision for impairment of fixed assets.
Accumulated depreciation.
4. The original book value is the initial recorded value.
2. Intangible assets:
1. Book balance The original book value of intangible assets.
2. Net book value, original price of intangible assets, accumulated amortization.
3. Book value, original value of intangible assets, provision for impairment of intangible assets, accumulated amortization.
4. The original book value is the initial recorded value.
3. Investment real estate that is subsequently measured in a cost model.
1. Original book price, book balance, net book value, book balance, accumulated depreciation (amortization).
2. Book value Book balance Accumulated depreciation (amortization) Impairment provision.
at fair value.
Model of subsequent measurement of investment real estate:
Since no depreciation is accrued.
Amortization, no provision for impairment is made, so its book value = book balance.
On pages 74-75 of the Explanation of Accounting Standards for Business Enterprises, subsequent expenses such as repair costs related to fixed assets that do not meet the conditions for recognition of fixed assets should be included in the current management expenses or sales expenses when they occur according to different circumstances. Under normal circumstances, after the fixed assets are put into use, due to the wear and tear of the fixed assets and the different durability of each component, it may lead to local damage to the fixed assets, in order to maintain the normal operation and use of the fixed assets and give full play to their use efficiency, the enterprise will carry out necessary maintenance of the fixed assets. Expenses such as daily repair costs and major repair costs of fixed assets only ensure the normal working condition of fixed assets, and generally do not generate future economic benefits. >>>More
Regularity point of the company, if fixed assets.
If it has already been recorded, it must be numbered and does not need to be renumbered. >>>More
There are five ways to do this.
1. Straight-line method: the cost allocation structure determined according to the wear and tear state of the fixed asset throughout its service life. >>>More
The investment in fixed assets of the whole society is the sum of the investment in fixed assets of various economic sectors.
Take the provisions of the Income Tax Law as an example:
Article 59 The depreciation of fixed assets calculated according to the straight-line method shall be allowed to be deducted. >>>More