<p>Written-down value, otherwise known as the book value or net book value is the value of an asset after accounting for depreciation or amortisation. It represents the present worth of an asset from an accounting perspective.</p>
Small Business Accountants
What are Written Down Values?
Written-down value, or WDV, is the amount at which an asset is carried after accumulated depreciation or capital allowances have been deducted from its original cost. In accounting the WDV sits on the balance sheet under fixed assets. For tax purposes, HMRC applies writing-down allowances to main-pool assets at 18% and special-rate pool assets at 6% on a reducing-balance basis.
