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To become a persuasive communicator,
Opening Inventory
The value of a company's inventory at the beginning of its accounting period, which includes raw materials, work-in-progress, and finished goods ready for sale.
Net Book Value
The value of an asset as recorded on the balance sheet, subtracting accumulated depreciation or amortization from its original cost.
Depreciation
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the consumption or wear and tear of the asset.
Carrying Value
Also known as book value, it is the value at which an asset is recognized in the balance sheet after accounting for depreciation, amortization, and impairment charges.
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