In the process of measuring the intangible asset or tangible

In the process of measuring the intangible asset or tangible assets net book value is______ less _____ less______.
fill in the blanks

Solution

Net Book Value of Intangible Assets = Total Assets - Tangible Assets - Total Liabilities including preferred stock

Net Book Value of Tangible Assets = Total Assets - Intangible Assets - Total Liabilities including preferred stock