Book value

Also referred as carrying is the value of an asset represented in the balance sheet. The value is calculated by subtracting the cost (historical value) of an asset to its accumulated depreciation, amortization and impairment expenses. The book value is not the market or fair value of an asset, the market value of an asset might be more or less than the book value

Book value = Original cost of an asset - accumulated deprecation, amortization and impairment expenses

2. Book value of a company is its total assets less or minus intangible assets and liabilities