Definition: The Book Cost refers to those expenses which do not involve actual cash payments, but rather the provisions are made in the books of accounts to include them in the profit and loss accounts and avail the tax advantages.
What is book value in accounting?
The term “book value” derives from the accounting practice of recording asset value at the original historical cost in the books. While the book value of an asset may stay the same over time by accounting measurements, the book value of a company collectively can grow from the accumulation of earnings generated through asset use.
How is financial aid based on book cost?
Financial aid is awarded based on tuition (including lunch fees) and an average book cost. Their value is many times in excess of their book cost. What company to-day shows its assets in land at book cost? The first course of action would imply that private investors would gain control of public assets at less than their book cost.
Where can I find the book cost form?
You can find the Book Cost Form on the Forms & Agreements page under the My Portfolio menu. Then send it back to us, together with proof of the book cost (like a recent monthly/quarterly statement from the financial institution).
