Editing Book value (section)

===Net book value of long term assets===
Book value is often used interchangeably with ''net book value'' or ''carrying value'', which is the original acquisition cost less accumulated [[depreciation]], [[depletion (accounting)|depletion]] or [[amortization (accounting)|amortization]]. Book value is the term which means the value of the firm as per the books of the company. It is the value at which the assets are valued in the balance sheet of the company as on the given date.