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What is the difference between book value, invoice price and market value?
I am working on non-monetary asset exchanges - accounting and want to know if I can assume invoice price = book value. thx
2 Answers
- ?Lv 78 years agoFavorite Answer
Invoice price does not equal book value.
Invoice Price = Original recorded cost of the asset.
Book Value = Original recorded cost of the asset - Accumulated depreciation
Market Value = The current value of the asset if were sold on the open market (fair-value).
Source(s): Accounting Fan - 5 years ago
I had the equal mannequin, wholly loaded with leather-based sunroof,pwr and all. It had 88,000 they only provided me four,000 at my local honda vendor. Which to me wasnt enough! I sold it on criaglist for 2,000 extra. I might reccommed selling to an man or woman and taking them the money down.