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Book Value
The value of an asset according to its balance sheet account balance, calculated by subtracting accumulated depreciation from the asset's original cost.
Boot
Additional cash or property included in a transaction to even out a trade or exchange of dissimilar assets.
Depreciated
Refers to the reduction in the value of an asset over time due to wear and tear or obsolescence.
Nonmonetary Asset
Assets that cannot be easily converted into cash and hold value in forms other than currency, such as property, equipment, and patents.
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