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• Net_realizable_value abstract "Net realizable value (NRV) is a method of evaluating an asset's worth when held in inventory, in the field of accounting. NRV is part of the Generally Accepted Accounting Principles and International Financial Reporting Standards (IFRS) that apply to valuing inventory, so as to not overstate or understate the value of inventory goods. Net realizable value is generally equal to the selling price of the inventory goods less the selling costs (completion and disposal).It is expected sales price less selling costs (e.g. repair and disposal costs).In formula:Under IFRS, companies need to record the cost of their Ending Inventory at the lower of cost and NRV, to ensure that their inventory and income statement are not overstated (under ASPE, companies record the lower of cost and market value). For example, under IFRS, at a company's year end, if an unfinished good that already cost $25 is expected to sell for $100 to a customer, but it will take an additional $20 to complete and $10 to advertise to the customer, its NRV will be $100-$20-$10=$70. In this year's income statement, since the cost of the good ($25) is less than its NRV ($70), the cost of the good will get recorded as the cost of inventory. In next year's income statement after the good was sold, this company will record a revenue of $100, Cost of Goods Sold of $25, and Cost of Completion and Disposal of $20+$10=$30. This leads to a profit of $100-$25-$30=$45 on this transaction. Suppose we changed the example so that it costs $60 to advertise to the customer. Now the good's NRV will be $100-$20-$60=$20. In this year's income statement, since the NRV ($20) is less than the cost of the good ($25), the NRV will get recorded as the Cost of Ending Inventory. To do so, an inventory write down of $25-$20=$5 is done, and hence a decrease of $5 in this year's income statement. In the next year's income statement after the good was sold, this company will record a revenue of $100, Cost of Goods Sold of $20, and Cost of Completion and Disposal of $20+$60=$80. This leads to the company breaking even on this transaction ($100-$20-$80=$0). Inventory can be valued at either its historical cost or its market value. Because the market value of an inventory is not always available, NRV is sometimes used as a substitute for this value.".
• Net_realizable_value wikiPageID "13467150".
• Net_realizable_value wikiPageLength "2503".
• Net_realizable_value wikiPageOutDegree "15".
• Net_realizable_value wikiPageRevisionID "592163862".
• Net_realizable_value wikiPageWikiLink Accounting.
• Net_realizable_value wikiPageWikiLink Asset.
• Net_realizable_value wikiPageWikiLink Category:Generally_Accepted_Accounting_Principles.
• Net_realizable_value wikiPageWikiLink Cost.
• Net_realizable_value wikiPageWikiLink Cost_of_Goods_Sold.
• Net_realizable_value wikiPageWikiLink Cost_of_goods_sold.
• Net_realizable_value wikiPageWikiLink Ending_Inventory.
• Net_realizable_value wikiPageWikiLink Ending_inventory.
• Net_realizable_value wikiPageWikiLink Generally_Accepted_Accounting_Principles.
• Net_realizable_value wikiPageWikiLink Generally_accepted_accounting_principles.
• Net_realizable_value wikiPageWikiLink Income_statement.
• Net_realizable_value wikiPageWikiLink International_Financial_Reporting_Standards.
• Net_realizable_value wikiPageWikiLink Inventory.
• Net_realizable_value wikiPageWikiLink Market_value.
• Net_realizable_value wikiPageWikiLink Price.
• Net_realizable_value wikiPageWikiLink Profit_(accounting).
• Net_realizable_value wikiPageWikiLink Revenue.
• Net_realizable_value wikiPageWikiLink Write-off.
• Net_realizable_value wikiPageWikiLink Write_down.
• Net_realizable_value wikiPageWikiLinkText "Net realizable value".
• Net_realizable_value wikiPageWikiLinkText "net realizable value".
• Net_realizable_value hasPhotoCollection Net_realizable_value.
• Net_realizable_value wikiPageUsesTemplate Template:Unreferenced.
• Net_realizable_value subject Category:Generally_Accepted_Accounting_Principles.
• Net_realizable_value hypernym Method.
• Net_realizable_value type Article.
• Net_realizable_value type Software.
• Net_realizable_value type Article.
• Net_realizable_value comment "Net realizable value (NRV) is a method of evaluating an asset's worth when held in inventory, in the field of accounting. NRV is part of the Generally Accepted Accounting Principles and International Financial Reporting Standards (IFRS) that apply to valuing inventory, so as to not overstate or understate the value of inventory goods.".
• Net_realizable_value label "Net realizable value".
• Net_realizable_value sameAs خالص_ارزش_فروش.
• Net_realizable_value sameAs 正味実現可能価額.
• Net_realizable_value sameAs m.03c69hz.
• Net_realizable_value sameAs Q11545388.
• Net_realizable_value sameAs Q11545388.
• Net_realizable_value wasDerivedFrom Net_realizable_value?oldid=592163862.
• Net_realizable_value isPrimaryTopicOf Net_realizable_value.