Primary navigation:

QFINANCE Quick Links
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of NBV

Definition of


Accounting abbr

original cost of asset minus depreciation net book value: the historical cost of an asset less any accumulated depreciation or other provision for diminution in value, for example, reduction to net realizable value, or asset value which has been revalued downward to reflect market conditions.

NBV - Related Articles
  • Residual Value


    To calculate residual value using this methodology, each period of depreciation is based on the previous year’s net book value, estimated lifespan, and a factor of 2 (known as the double-declining balance). For example: Depreciation expense = Previous period NBV × Factor ÷ N For the double-declining balance method, using the vehicle example from above, we compute


Definitions of ’NBV’ and meaning of ’NBV’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’NBV’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top

Related Dictionary Terms

Related Dictionary Terms