Rare Silver & Gold Coins - U.S. World & Ancient Coins - Antiques & Collectibles for Sale. Gold Coins and Bullion - Rare Coin Collections & Collectible Search for Sell a book online at searchandshopping.org. Check out results for Sell a book onlin Book Value = (Total Common Shareholders Equity - Preferred Stock) /Number of Outstanding Common Shares. How to Calculate Book Value? The formula states that the numerator part is what the firm receives by the issuance of common equity, and that figure increases or decreases depending upon the company is making profit or loss, and then finally, it decreases by issuing dividend and preference stock

The book value of a company is the net difference between that company's total assets and total liabilities, where book value reflects the total value of a company's assets that shareholders of.. The book value of an asset is the value of that asset on the books (the accounting books and the balance sheet) of a company. It's also known as the net book value. Businesses can use this calculation to determine how much depreciation costs they can write off on their taxes Define Total Book Value. means the total book value (at the lower of cost or market value) determined in accordance with GAAP, on a basis consistent with that used as of the Closing Date, and set forth in the Financial Statements from time to time

- us intangible assets and liabilities
- us total liabilities and intangible assets
- The book value is now $6,000. However new technology has replaced this type of equipment so willing buyers believe the market value is only $2,000. In some cases, such as that of heavy machinery, the market value will be significantly higher than the book value
- As a result, the book value equals the difference between a company's total assets and total liabilities. Book value is also recorded as shareholders' equity. In other words, the book value is..
- Book Value of Debt Definition. Book value of debt is the total amount which the company owes, which is recorded in the books of the company. It is basically used in Liquidity ratios where it will be compared to the total assets of the company to check if the organization has enough support to overcome its debt
- Book value of equity represents the fund that belongs to the equity shareholders and is available for the distribution to the shareholders and it is calculated as the net amount remaining after the deduction of all the liabilities of the company from its total assets. What is Book Value of Equity

Book value is the net value of a firm's assets found on its balance sheet, and it is roughly equal to the total amount all shareholders would get if they liquidated the company. Market value is the.. Assets Book Value Formula = Total Value of an Asset - Depreciation - Other Expenses Directly Related to it Total Value of the asset = Value at which the asset is purchased Depreciation = Periodic reduction in the value of the asset amortized as per standard Book value indicates the difference between the total assets and the total liabilities and when the formula for book value per share is to divide this book value by the number of common shares. Book Value per Share = (Total Common Stockholders Equity - Preferred Stock) / Number of Common Share Book value of equity per share effectively indicates a firm's net asset value (total assets - total liabilities) on a per-share basis. When a stock is undervalued, it will have a higher book value..

C = Operating Income / Total Assets. D = Book Value of Equity / Book Value of Liabilities. In this case, an Altman Z-Score greater than 2.6 indicates the company is in the safe zone. A score between 1.1 and 2.6 indicates the business is in the gray zone, while a score below 1.1 is considered in the distress zone Book value, also known as adjusted cost base (ACB), is calculated by adding the total amount of contributions made by an investor into a mutual fund, plus reinvested fund distributions, minus any withdrawals. Book value is used from a tax perspective to determine if an investor is in a capital gain or loss position on a particular holding * Book value is also the tangible net asset value of a company calculated as total assets minus intangible assets (*.e.g. patents, goodwill) and liabilities. For the initial outlay of an investment.

Assets - (total) liabilities = shareholders'equity (book value of equity) DWTA - WC03351 = shareholders' equity (WC03995) 4. Market value Instead of Book value of equity, Market Value ( MV) is used. Market Value MV = share price (P) x number of shares (NOSH) (market capitalisation) 5. Liquidation of a company Market to book rati The Market to Book ratio (also called the Price to Book ratio), is a financial valuation metric used to evaluate a company's current market value relative to its book value. The market value is the current stock price of all outstanding shares (i.e. the price that the market believes the company is worth) **Book** **Value** of Equity = **Total** Assets - **Total** Liabilities Apple Inc. (**Book** **Value**) = US$ 375.32 billion - US$ 241.27 billion = US$ 134.05 billion **Book** **Value** per Share For the purpose of analysis, the **book** **value** of equity is further divided by a **total** number of shares to make **book** **value** per share The BVPS only includes the book value of assets (total assets less intangible assets) to show what commons stockholders will own if the company was to be liquidated and debts paid up. It means that tech companies , which own very few tangible assets relative to intangible assets such as copyrights and trademarks, may be undervalued because the value of the intangible assets would be excluded.

Book value can refer to a specific debt, or to the total net debt reported on a company's balance sheet. references & resources The Value of Debt: The Value of Debt Accounting Coach: Bonds Payable (Explanation) Boundless: Amortized Cost Method Bankrate. *** LINKS BELOW ***An important concept to grasp in order to take things to the next level when analyzing stocks and interpreting important.. * To resolve this problem, change the code in the Depreciation Book report (12119) as follows: Existing code*... { 169 ;TextBox ;24450;0 ;1650 ;423 ;FontBold=Yes; // Delete the following line. SourceExpr=BookValueAtEndingDate; AutoFormatType=1; DataSetFieldName=BookValueAtEndingDate_Control169 }... Replacement code.. Book Value Per Share Definition. The book value per share is a measure of a stocks value relative to the total common stockholder's equity. The larger the common stock holder's equity, the larger the book value per share. As such, the larger the number of commons stocks there are, the lower the value of the book value per share It can be useful to compare the market price of shares to the book value. To make this easier, convert total book value to book value per share. Suppose a company has a book value of $35 million and there are 1.4 million common shares outstanding. Divide $35 million by 1.4 million shares for a book value per share of $25

The book value of debt does not include accounts payable or accrued liabilities, since these obligations are not considered to be interest-bearing liabilities. The book value of debt is commonly used in liquidity ratios , where it is compared to either assets or cash flows to see if an organization is capable of supporting its debt load Calculate book value of equity by subtracting a firm's total liabilities from its total assets to arrive at stockholders' equity. You can find these figures on the balance sheet. For example, in Apple's 1Q report, released February 1, 2018, the company reported total assets of $406.794 billion and liabilities of $266.595 billion Real Appraisers Are Standing By to Help You Get Values for Any Antique. Ask Anything Now. Verified Appraisers Can Value Your Pieces in Just Minutes. Don't Wait, Ask Right Now Image source: Getty Images. Book value is a key measure that investors use to gauge a stock's valuation. The book value of a company is the total value of the company's assets, minus the company's.

- us all its liabilities. Investors compare a company's book value to its stock price, to judge if shares are under- or overpriced. Book value works best on hard-goods companies, vs service providers or firms with intangible assets..
- What is Book Value? Book value is an asset's original cost, less any accumulated depreciation and impairment charges that have been subsequently incurred. The book values of assets are routinely compared to market values as part of various financial analyses.For example, if you bought a machine for $50,000 and its associated depreciation was $10,000 per year, then at the end of the second year.
- The calculation of its book value per share is: (Shareholders' equity - preferred equity) ÷ average number of common shares ($20 million - $5 million) ÷ 5 million $15 million ÷ 5 million $3 book value per shar

Now, Click on Book Value under Depreciation. The screenshot below displays the page or activity to enter your values, to get the answer for the book value according to the respective parameters which are the present amount or worth (P), salvage value (S), total estimated life of the asset (N) and number of years of the asset (t) Tangible book value = total assets - total liabilities - intangible assets value - goodwill = $97,366 - $53,125 - $7,789 - $12,706 = $23,746 million The firm's TBV is $23.8 million. To calculate the tangible book value per share, Malcolm finds that the firm's number of shares outstanding is 2,000,000 million

** The total book value of WTC's equity is $14 million, and book value per share is $28**. The stock has a market-to-book ratio of 1.5, and the cost of equity is 9%. The firm's bonds have a face value of $10 million and sell at a price of 110% of face value. The yield to maturity on the bonds is 5%, and the firm's tax rate is 21% The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets. Please clarify my confusion on Altman ' Z score model' X4=Market Value of Equity/Book Value of Total Debt. I want to know that term market value of equity is equal to shareholder' fund or not 5 stocks selling below their tangible book value. These dividend stocks have 79% upside and 7.7% yields, or 40% total returns over 2 years

** Book value is the net value of assets within a company**. In the UK, book value is also known as net asset value. It shows the current position of the asset base after liabilities are taken into account. There are various equations for calculating book value. The first equation deducts accumulated depreciation from the total assets to get the. Book value is primarily important for investors using a value investing strategy Stock Investing: A Guide to Value Investing Since the publication of The Intelligent Investor by Ben Graham, what is commonly known as value investing has become one of the most widely respected and widely followed methods of stock picking. because it can enable them to find bargain deals on stocks, especially. Calculate the total book value of a corporation's preferred stock by multiplying the book value of each share by the total number of shares outstanding. For example, if the book value of the company's preferred stock is $120 per share and there are 1 million outstanding shares, the total book value of the company's preferred shares is $120 million Book value (also known as Adjusted Cost Base or ACB) is the original or purchase price of an investment. However, for most Total Account Units Updated Account Book Value Updated Account Market Value 4-Jan-16 Purchase $1,000.00 $10.00 100.00 100.00 $1,000.00 $1,000.0

Solution for The total book value of WTC's equity is $10 million, and book value per share is $16. The stock has a market-to-book ratio of 1.5, and the cost o The **total** **book** **value** of the firm's equity is $10 million; **book** **value** per share is $20. The stock sells for a price of $35 per share, and the cost of equity is 13%. The firm's bonds have a face **value** of $4 million and sell at a price of 120% of face **value**. The yield to maturity on the bonds is 7%, and the firm's tax rate is 35%

The total book value of the preferred stock is the book value per share times the total number of shares outstanding. If the book value per share of preferred is $130 and there are 1,000 shares of the preferred stock outstanding, then the total book value of the preferred stock is $130,000 Book value of a corporation is: the total amount of stockholders' equity appearing on a corporation's balance sheet. Examples of Book Value Calculations If a company's computer system had a cost of $300,000 and it has accumulated depreciation of $80,000, the computer system has a book value of $220,000 Book Cost, sometimes referred to as Book Value, is the total cost of purchasing a security. It includes any transaction charges related to the position (such as commissions) and is adjusted for reinvested distributions, return of capital, corporate actions and any subsequent purchases Net Book Value = $200,000 - $60,000 = $140,000 . In our example, the NBV of the logging company's truck after four years would be $140,000. Importance of Net Book Value. Net book value is among the most common financial metrics around The total book value of WTC's equity is $9 million, and book value per share is $24. The stock has a market-to-book ratio of 1.5, and the cost of equity is 14%. The firm's bonds have a face value of $6 million and sell at a price of 110% of face value. The yield to maturity on the bonds is 5%, and the firm's tax rate is 21%

Book value reveals how much the company is worth if it were liquidated and all assets were sold for cash. By dividing book value by the total number of shares outstanding, you can find book value. Definition: Book value of equity, also known as shareholder's equity, is a firm's common equity that represents the amount available for distribution to shareholders.The book value of equity is equal to total assetsminus total liabilities, preferred stocks, and intangible assets. What Does Book Value of Equity Mean? What is the definition of book value of equity Book value per equity share is, therefore, a ratio calculated by deducting all the liabilities and obligations form all assets and thereafter dividing it by the total number of outstanding shares. The idea embedded in the concept of book value per share is that a book value higher than the current stock price indicates the undervaluation of a company and vice versa Table 1 Variables, Definitions and Measurements Variable Measurement Dependent Variables Tobin's Q (Q) Market value of common equity plus book value of preferred shares and debt divided by book value of total assets. Return on assets (ROA) Net income divided by book value of total assets

- us the total liabilities. For publicly-owned corporations, you will find the book value of equity listed on balance sheets in annual reports, usually as Shareholder's Equity
- Calculating the total loss value of a car is not exactly easy, and it may vary considerably by state and the insurance company. It is important to know how your vehicle's value is calculated because it can help you negotiate for a better payout on your claim
- us its liabilities. This means the total value of its assets not including intangible assets with no immediate cash value, such as goodwill. Liabilities include monies owed and operating expenses. So Book Value = Assets - Liabilities

- I am experiencing difficulties finding the right items to calculate the book value of a firm from the Compustat - Fundamentals Quarterly. The end goal is to create a Book-to-Market factor
- When book value per share is high compared to a company's share price, the company's stock is deemed as undervalued. Put another way, book value per share rates the total shareholder's equity of a.
- Mostly, the book value is calculated for common stock only. The presence of preferred stock in the total stockholders equity, however, has a significant impact on the calculation. The formulas and examples for calculating book value per share with and without preferred stock are given below: (1)

- The book values of assets and liabilities are easily found on the balance sheet. The book value of assets is usually classified as total assets
- Let's say that, on the day that the car was totaled, you owed $14,500 on your car loan, but that the current fair market value (i.e., the Blue Book value) of your car was only $12,000. The insurer is only going to pay you $12,000 toward the value of the car, leaving you with $2,500 to pay on your car loan, even though you no longer have a car
- The 4,000 accounts receivable of Miller Company have a total book value of $150,000. A CPA has selected and audited a sample of 100 accounts with a total book value of $3,700 and an audited value of $3,800. Using the mean-per-unit estimation technique, the estimated total audited value of the population is
- Book value comes into play if you hold investments that count as foreign content in your RRSP. The maximum amount that can be foreign content, in most cases, is 30% of your RRSP's book value. This 30% limit is calculated on the original cost or book value, as opposed to the current market value. Book value has another meaning, relating to a.

Book value is the amount that investors would theoretically receive if all company liabilities were subtracted from all company assets; this leaves a residual amount available for distribution to investors.The concept is used to establish the minimum amount that a business should be worth, which can be considered the lowest price at which the sum total of its stock should trade Book Value Per Share Formula - Example #1. Let's assume Company Anand Pvt Ltd have worth $25,000,000 of stockholders' equity, $5,000,000 preferred stock, and total outstanding shares of $10,000,000 shares outstanding ** Net book value is the net value of an asset carried on its balance sheet**. Net book value results from the accounting technique of depreciating or amortizing the value of an asset: a company gradually uses up or expenses the cost of a fixed asset over the asset's useful life. It's one of. The total book value of WTC's equity is $8 million, and book value per share is $16. The stock has a market-to-book ratio of 1.5, and the cost of equity is 10%. The firm's bonds have a face value of $4 million and sell at a price of 110% of face value. The yield to maturity on the bonds is 5%, and the firm's tax rate is 40%

- Question: 1 1 The Total Book Value Of WTC's Equity Is $11 Million, And Book Value Per Share Is $22. The Stock Has A Market-to-book Ratio Of 1.5, And The Cost Of Equity Is 13%. The Firm's Bonds Have A Face Value Of $7 Million And Sell At A Price Of 110% Of Face Value
- Price to Book Value Formula in Excel (With Excel Template) Here we will do the same example of the Price to Book Value formula in Excel. It is very easy and simple. You need to provide the two inputs i.e Market price per share and Book Value per share. You can easily calculate the Price to Book Value using Formula in the template provided
- us total liabilities (in that order). See Davis, Fama, and French, 2000, Characteristics, Covariances, and Average Returns: 1929-1997, Journal of Finance, for more details
- The price to book ratio, also called the P/B or market to book ratio, is a financial valuation tool used to evaluate whether the stock a company is over or undervalued by comparing the price of all outstanding shares with the net assets of the company. In other words, it's a calculation that measures the difference between the book value and the total share price of the company
- The total book value of WTC's equity is $13 million, and book value per share is $20. The stock has a market-to-book ratio of 1.5, and the cost of equity is 9%. The firm's bonds have a face value of $9 million and sell at a price of 110% of face value
- Tesla's book value per share for the quarter that ended in Dec. 2020 was $23.15.. During the past 12 months, Tesla's average Book Value Per Share Growth Rate was 216.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 66.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 49.10% per year
- Apple's book value per share for the quarter that ended in Dec. 2020 was $3.94.. During the past 12 months, Apple's average Book Value Per Share Growth Rate was -22.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -16.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -6.30% per year

<p>FTSE Russell partners with Research Affiliates® on the innovative FTSE RAFI™ Index Series. Index constituents are weighted using a composite of fundamental factors, including total cash dividends, free cash flow, total sales and book equity value. Prices and market values are not determinants of the index weights. Consequently the indexes are less prone to excessive concentration arising. Exxon Mobil's book value per share for the quarter that ended in Dec. 2020 was $37.13.. During the past 12 months, Exxon Mobil's average Book Value Per Share Growth Rate was -18.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -5.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -0.40% per year

Total contract value (TCV) is one of the most useful core SaaS metrics, but it's also one of the most poorly understood. And that's a shame. Understanding your TCV can help make your sales more efficient, lower your marketing costs, and improve your revenue predictions Find your search on Weather.info for Canada. Find What You Are Looking For in Weather.info for Canad Calculating Book Value Example #1: Big Numbers. Say that Hewlett-Packard (NYSE: HPQ) is worth $86.7 billion. On Google Finance, we see that their balance sheet shows equity of $42.5 billion. In our equation, the market value is $86.7 billion which we divide by the $42.5 billion shareholder equity line. HP is trading at 2.0 times book value. Book value is total assets minus total liabilities and is commonly known as net worth. The book valuation technique is usually used as a method of cross-testing the more common technique of applying multiples to EBITDA, cash flow, or net earnings

Stockopedia explains Market Value of Equity/Book Value of Total Liabilities. This measures the extent to which the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent The total book value of WTC's equity is $12 million, and the book value per share is $20. The stock has a market-to-book ratio of 1.5, and the cost of equity is 15%. The firm's bonds have a face value of $8 million and sell at a price of 110% of face value. The yield to maturity on the bonds is 5%, and the firm's tax rate is 40% book value Book value. A company's total assets minus intangible assets and liabilities, such as debt. A company's book value might... Net Asset Value. In stocks and businesses, an expression of the underlying value of the company. That is, it is a... book value. The net dollar value at which an.

- us intangible assets (patents, goodwill) and liabilities. When you divide the book value of a company by it the total number of outstanding shares, you arrive at the book value per share
- One other term, book value appears, above, referring to the value of the firm's assets. When referring to the value of the firm itself, however, some people equate the firm's book valuewith Owners' equity.Strictly speaking, the firm's book value represents the asset value that remains if the firm goes out of business, now
- Multiply the book value by a discount for each asset to find a company's liquidation value. This is the company value were it to be liquidated in an auction. This assumes the company has no value as a going concern and that all assets can be turned to cash. This is the realizable total value of a company. It is a worst-case scenario of prices
- Solution for he total book value of WTC's equity is $7 million, and book value per share is $14. The stock has a market-to-book ratio of 1.5, and the cost o

- The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. Read full definition. Price to Book Value Benchmarks. General Motors Co 1.879 Workhorse Group Inc 4.248 Peloton Interactive Inc.
- To find a company's book value, also known as its net tangible assets (NTA), you subtract the value of all liabilities and intangible assets from its total assets. This leaves you with the theoretical value of all of the company's tangible assets, which are those assets that can be seen and touched, as opposed to things such as patents, trademarks, copyrights, brand reputation, and customer.
- Total Book Value of PP&E, Goodwill and Other Intangibles FMV of PP&E, Goodwill and Other Intangibles FMV Adjustment for PP&E, Goodwill and Other Intangibles FMV Adjustment for PP&E, Goodwill and Other Intangibles Attributed to Dep Incremental Depreciation FMV of PP&E, Goodwill and Other Intangibles FMV Adjustment for PP&E, Goodwill and Other Intangible
- Book value per share is usually used to compute the value or price per share of a company's stock during liquidation. This makes sense because equity represents the net assets of a business. If all of the assets were sold off and all of the liabilities were paid off, the shareholders would be left with the equity
- Definition: Averages
**total**assets is the average**book****value**of the entity's assets over the different reporting date. Normally, the**value**of assets at the reporting date is shown in the balance sheet of the entity. These assets including**book**current and fixed assets.. Averages**total**assets is normally uses to assess the return on averages assets which is assessing the efficiency of using.

Book Value Per Share Definition The book value per share is the value each share would be worth if the company were to be liquidated, all the bills paid, and the assets distributed. It is calculated by the company as shareholders' equity (book value) divided by the number of shares outstanding The book value per share may be used by some investors to determine the equity in a company relative to the market value of the company, which is the price of its stock. For example, a company that is currently trading for $20 but has a book value of $10 is selling at twice its equity Sedangkan, nilai buku total perusahaan (total book value of firm) adalah nilai perusahaan berdasarkan nilai buku dari seluruh aset perusahaan. Penulis buku Manajemen Keuangan Fundamental , Bambang Sugeng, menjelaskan informasi tentang nilai buku total perusahaan ini umumnya disajikan di laporan keuangan neraca pada sisi aktiva, yaitu tercermin pada nilai total aset atau aktiva perusahaan Book Value approach: Force accountants to come up with reasonable values for intangible assets and show them as assets on the balance sheet. Total Selling and Advertising Brand Name Related Expense Amortization this year Unamortized Expense 1980 $1,121 $561 $22.43 $0.0

The total book value of WTC's equity is $12 million, and book value per share is $24. The stock has a market-to-book ratio of 1.5, and the cost of equity is 14%. The firm's bonds have a face value of $8 million and sell at a price of 110% of face value. The yield to maturity on the bonds is 9%, and the firm's tax rate is 40% What is Book Value per Share? Book value per share compares the amount of stockholders' equity to the number of shares outstanding. If the market value per share is lower than the book value per share, then the stock price may be undervalued. Thus, this measure is a possible indicator of the value of a company's stock; it may be factored into a general investigation of what the market price of. Book Value Per Share Conclusion. The book value per share is the minimum cash value of a company and its equity for common shareholders. The formula for book value per share requires three variables: total equity, preferred equity, and total outstanding shares. To find the equity, you should subtract the company's liabilities from its assets

- ($50,000 Cost - $10,000 Salvage value) / 10 Years = $4,000 Depreciation/year. Thus, after three years, ABC has recorded depreciation of $12,000 for the machine, which means that the asset now has a net book value of $38,000. Terms Similar to Net Book Value. Net book value is also known as net carrying amount or net asset value. Related Course
- Book Value Calculati ons Total Book Value Common Stock Retained Earnings from ACCOUNTING 101 at Business Management & Finance High Schoo
- Form 1120, Schedule K, Question 13: Enter the total amount of cash distributions and the book value of the property - Answered by a verified Tax Professional. We use cookies to give you the best possible experience on our website
- us total liabilities. The thinking is that value investments are bargains, because the stock price understates the value of the company

- There are several ways by which book value can be defined. Book value is the total value that would be left over, according to the company's balance sheet, if it goes bankrupt immediately
- A book collector wants an attractive copy. Dust jackets. Most hard cover books published since the early 20th century were sold with a dust jacket. The dust jacket is both the most decorative part of a book, and the most delicate. A missing dust jacket, or a dust jacket that is in poor condition, can cut a collectible book's value more than 50%.
- If you have a passion for creating business value in the supply chain, and building competitive advantage for your enterprise, then this book will be a useful guide to crafting your own journey to creating Total Value Optimization. Steve Bowen articulates what many in the industry have been trying to define for decades

The total book value of WTC's equity is $14 million, and book value per share is $28. The stock has a market-to-book ratio of 1.5, and the cost of equity is 9%. The firm's bonds have a face value of $10 million and sell at a price of 110% of face value. The yield to maturity on the bonds is 5%, and.. Find out all the key statistics for Amazon.com, Inc. (AMZN), including valuation measures, fiscal year financial statistics, trading record, share statistics and more This article applies to Microsoft Dynamics NAV for the Spanish (es) region. Symptoms. When you select the Show AutoInvoices/Autocr. memo option for the Sales Invoice Book report in the Spanish version of Microsoft Dynamics NAV 2013, the report displays incorrect Serial No. and Total values for AutoInvoices and AutoCreditMemos.. Resolution Hotfix information. A supported hotfix is now available. In the Front Gross card, click the Total Book toggle, which will switch the field from read-only to editable. Simply click into the Total Book field and type a new value. If necessary, you can also edit the Holdback and Dealer Pack by clicking into those fields and entering a new dollar value. Follow the same process to edit the Lender Fee and Dealer Cash fields Book value per share (BVPS) is a measure of value of a company's common share based on book value of the shareholders' equity of the company. It is the amount that shareholders would receive if the company dissolves, realizes cash equal to the book value of its assets and pays liabilities at their book value of land improvement total book value of exemption net taxable CLASSIFICATION PARCELS VALUE VALUE VALUE TANG PERS PROP AMOUNT VALUE 1 VACANT LAND 134 5,806,600 0 5,806,600 0 5,806,60