Written Down Value Law and Legal Definition
Written Down Value is the net value of an asset i.e. its original cost minus its depreciation and amortization. It is also called net book value.
The actual amount of written-down value is adjusted from the original cost of the item to more accurately reflect the fair market value of the asset or assets in the current economic climate. As a result, it is not unusual for companies to adjust the written-down value of some assets on at least on annual basis.