An architect is writing a response to a Request for Proposal (RFP). The customer has requested financial information on the monetary amount by which assets are valued in business records.
Which value does the architect need to consider?
An architect is writing a response to a Request for Proposal (RFP). The customer has requested financial information on the monetary amount by which assets are valued in business records.
Which value does the architect need to consider?
The architect needs to consider the net book value (NBV). NBV is the monetary amount by which assets are valued in business records, reflecting the value at which the asset is carried on the company's balance sheet. It represents the original cost of the asset minus accumulated depreciation, amortization, or impairment costs.
NBV - The value of an asset carried on company's balance sheet. Page 211