0 the value that a company gives an asset in its accounts after reducing it to allow for depreciation:
There is no statutory provision that would justify the valuer taking account of any arbitrary written-down value that might have been agreed for other purposes.
In the old days, one could work out in five minutes the written-down value of a tractor.
Their market price has been higher but their written-down value was £80 million.
When a new asset is bought the first-year allowance is given and the written-down value goes into the pool.
Is not it desirable that the written-down value of machinery should bear some relation to what it actually fetches when it is traded in?
That is the depreciated value, the written-down value, and that is the value which will be accepted.
The original cost of the equipment included in the auction sale was £62,906 and the written-down value at the date of the sale was £16,689.
I said, "the written-down value"—that is, the book value.
