OWN WORK CAPITALIZED Definition

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OWN WORK CAPITALIZED represents the value of work performed for own purposes and capitalized as part of fixed assets.

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IN THE BLACK means making money; the opposite of "in the red."

TANGIBLE BOOK VALUE is different than book value in that it deducts from asset value intangible assets, which are assets that are not hard (e.g., goodwill, patents, capitalized start-up expenses and deferred financing costs).

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