Definition of "Book value"

Marianne Sipple real estate agent
Marianne Sipple, Real Estate Agent Weichert, Realtors - McLean

Net worth of property as shown on the balance sheet. It equals gross cost less accumulated depreciation. Because book value is based on historical cost it differs from market value.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Real Estate Terms

Popular Real Estate Questions