NOMINAL VALUE Definition

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NOMINAL VALUE is the par, or face, value of something e.g. a share issue.

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PURE COST is any direct readily verifiable cost assignable to the subject or item, e.g., the direct cost of producing a product.

VALUATION ALLOWANCE/RESERVE is an allowance to provide for changes in the value of a companys assets, such as depreciation or if an asset is deemed impaired.

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