Search box

Definition: Net value of a fixed asset

OECD terminology

The net (or written-down) value of a fixed asset is equal to the actual or estimated current purchaser’s price of a new asset of the same type less the cumulative value of the consumption of fixed capital accrued up to that point in time.
Organisation for Economic Co-operation and Development (OECD), "Measuring Capital - OECD Manual: Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services", Annex 1: Glossary of technical terms used in the Manual, Paris, 2001