Accounting Glossary
Net Book Value Explained: Why a £40,000 Delivery Van Shows Up on the Balance Sheet at Just £15,000 After Three Years
A £40,000 delivery van sitting at £15,000 on your balance sheet is not a sign of a mistake or a slump in market value — it is net book value at work, spreading the van's cost over its useful life rather than tracking what it would fetch at resale.