What does WDBV mean in TAX

Written Down Book Value (WDBV) is an accounting concept that refers to the value of an asset as recorded on a company's balance sheet. It takes into account accumulated depreciation and any other costs associated with the asset since it was first purchased.

WDBV is calculated by subtracting all accumulated depreciation from the initial cost of the asset. In other words, it's the original cost minus any amount by which it has decreased in value due to wear, tear, or obsolescence over time.

WDBV is used when assessing the current market value of an asset, as well as when making decisions related to buying or selling assets. For example, companies may use WDBV when deciding whether or not they should buy a piece of property or equipment at a certain price point. It also helps them decide how much to allocate for certain assets in their budgeting process.

WDBV applies to any type of tangible asset such as buildings, equipment, vehicles, furniture, inventory and so on. It does not apply to intangible assets such as trademarks or intellectual property.

Yes — it's important to note that WDBV only reflects what has already been expended on an asset; it doesn't indicate its actual market value at present or going forward. Therefore, it's important for companies to understand current market conditions before making decisions based off WDBV calculations.