BOOK COST Definition

Bookmark and Share

BOOK COST, normally, is the cost at the time an asset is purchased or realized, i.e. the total amount paid to acquire an asset.

Learn new Accounting Terms

TAX SHELTER are legal methods taxpayers can use to reduce tax liabilities. An example is the use of depreciation of assets.

MANAGEMENT is those in charge of running a business or in the act of managing something.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.