The written-down value (abbreviated as WDV) is the
depreciated
In accountancy, depreciation is a term that refers to two aspects of the same concept: first, the actual decrease of fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wear, and second, the a ...
value of an
asset
In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value ...
(movable or immovable) for purposes of
tax
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...
ation. WDV is a method of depreciation in which a fixed rate of depreciation is charged on the book value of the asset, over its useful life
External links
Definition at The Free Dictionary
Fixed asset
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