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Fair Value
The monetary return from asset divestiture or the financial responsibility for liability transfer occurring in an organized marketplace exchange at the valuation juncture.
Book Value
Book Value is the value of an asset as recorded on the company's balance sheet, representing the asset's cost minus accumulated depreciation or amortization.
Deferred Tax Asset
An accounting term used to describe a situation where a company has paid more taxes to the government than it has shown as an expense in its financial statements, which can be used to reduce future tax liability.
Capital Cost Allowance
A tax deduction available in some jurisdictions for tangible and intangible assets, allowing businesses to write off the cost of assets over their useful life.
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