The written-down value (abbreviated as WDV) is the
depreciated
In accountancy, depreciation refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation i ...
value of an
asset
In 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 of ownership that can b ...
(movable or immovable) for purposes of
tax
A tax is a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. Tax co ...
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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