Gross Block definition
Gross Block means the cost, or other amount substituted for cost, as recorded in the Financial Statements of the Company, the Subsidiaries and the Network Hospitals, of an asset held with the intention of being used for the purpose of producing or providing goods or services and is not held for sale in the normal course of business;
Examples of Gross Block in a sentence
The area of wildlife trees retained within a Cutting Permit or cutblock based on the following formula: Area = (Gross Block Area of the CP/Cutblock) * (Basal Area Reserved from Harvesting) (Original Basal Area of the CP/Cutblock) WUI - Wildland Urban Interface.
It is the Gross Block less accumulated depreciation plus working capital.