From my schooling in accounting 40+ yrs ago, i remember book value was the value paid for an asset at acquisition . It doesn't represent the current value but may just be a "close enough" amount to make an educated estimate of their current assets. As a side bar, quite a few KH,s are built outside of towns and as such are not worth as much as they claim simply because no business would buy them, being so far away "from the action" Just visit www.loopnet.com and search Kingdom Halls and you will see some Halls for sale in the boonies, which are harder to sell, if they can at all. Maybe they could donate them to the VFW since they seem to always be on the outskirts of town and would be so fitting to see this come about, a perfect spot for drinking.