# Net book value

> Net book value — Cost less accumulated depreciation and impairment — the carrying amount of an asset.

Source: https://lopifi.com/glossary/net-book-value
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is net book value?** In accounting, net book value means cost less accumulated depreciation and impairment — the carrying amount of an asset.

## Also known as

- NBV

## Words this system refuses for it

- market value
- fair value

- **Category:** Fixed assets & leases
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [depreciation-schedule](https://lopifi.com/md/components/depreciation-schedule)
- **Related:** depreciation, impairment, asset