Computations
Balance Sheet
This Net Book Value represents the value of the asset after depreciation is deducted.
Asset (less depreciation, if any) = Book Value.
|
Machinery & Shop Equipment |
$310,0000 |
|
Less Accumulated Depreciation: Machinery & Shop Equip. |
$210,000 |
|
Book Value: Machinery & Shop Equipment |
$100,000 |
Asset (less depreciation, if any) minus Asset Liability (if any) = Net Book Value.
|
Machinery & Shop Equipment |
$310,0000 |
|
Less Accumulated Depreciation: Machinery & Shop Equip. |
$210,000 |
|
Less: Machinery & Shop Equipment Notes Payable |
$45,500 |
|
Net Book Value: Machinery & Shop Equipment |
$54,500 |