The original cost of the item less accumulated depreciation for the item. AndThe gross book value is the original/historical price paid for an asset, without a depreciation deduction.
The book value of a fixed asset (PP&E) is the difference between the fixed asset account and it's related accumulated depreciation account. You have a truck you paid $25,000 and you have...
Alright, here is what u do !!! Lets say u have an asset that cost $10,000 and it falls under a 5 Years MACRS Depreciation allowance of 20% on the first year, 32 % on the second year, 19% on the third...