Herb Brooks: Great moments... are born from great opportunity. And that's what you have here, tonight, boys. That's what you've earned here tonight. One game. If we played 'em ten times, they might win nine. But not this game. Not tonight.
1. The value at which an asset is carried on a balance sheet. To calculate, take the cost of an asset minus the accumulated depreciation. 2. The net asset value of a company, calculated by total assets minus intangible assets (patents, goodwill) and liabilities.3. The initial outlay for an investment.. The value at which an asset is carried on a balance sheet. To calculate, take the cost of an asset minus the accumulated depreciation. 2. The net asset value of a company, calculated by total assets minus intangible assets (patents, goodwill) and liabilities.
Since you can only depreciate the cost of the building, and not the land, you must determine the value of each to depreciate the correct amount. To determine the value, you can use the fair market value of each at the time you purchased the property, or you can base the number on the assessed real estate tax values.