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written-down value

From Longman Business Dictionary
Related topics: Finance
written-down valueˌwritten-ˈdown ˌvalue [countable, uncountable] ACCOUNTING the value of an asset or group of assets in a company’s financial records after DEPRECIATION (=amounts to allow for their estimated loss of value as they get older, less productive etc)The written-down value has no relation to the market value of an asset. value
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