### Question
How is the "book value" defined?


### Answer
The term **book value** is defined in *APPENDIX U.S.C. § 32* as follows -

> the value, as of the time of vesting, entered on the books of the Alien Property Custodian for the purpose of accounting for the property or interest involved

#### Citation:
  - *APPENDIX U.S.C. § 32*
  - Heading: **TRADING WITH THE ENEMY ACT OF 1917 > ACT OCT. 6, 1917, CH. 106, 40 STAT. 411**

