Value of property, equipment, and other capital assets minus the depreciation. This is an entry in the bookkeeping records of a company. It is usually established on a "cost" basis, and thus does not necessarily reflect the market value of the assets.
Nearby TermsLong-term Long-Term Anticipation Securities (LEAPS) Long-term assets Long-term capital gain Long-term debt
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University