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Title: Section 451.44 - Book value (or cost)

451.44 Book value (or cost). (a) The net amount at which an asset or asset group appears on the books of account, as distinguished from its market value or some intrinsic value.

(b) The face amount of a liability less any unamortized discount and expense.

(c) As applied to capital stock:

(1) the book value of the net assets;

(2) in a corporation, the book value of net assets divided by the number of outstanding shares of capital stock.


VOLUME D (Title 10)