Net Realizable value - once again this is likely to reduce with a change in technology.

It is recorded as an asset at its expected net realizable value.

Why is it necessary to value stock at the lower of cost and net realizable value?

The net realizable value normally indicates the average value of an item in the marketplace.

- Net Realizable value: do we want to sell, is it a forced sale or at open market value.

The answers using historic cost, replacement cost and net realizable value basis are as follows.

The net realizable value is the estimated selling price less any expense incurred to dispose of the good.

This may lead to the conclusion that Net realizable value based on open market value may be more appropriate.

Because there is an inherent risk that clients might default on payment, accounts receivable have to be recorded at net realizable value.

When goods are damaged or obsolete, and can only be sold for below purchase prices, they should be recorded at net realizable value.

Cost prices appear in several forms, such as actual cost, last cost, average cost, and net realizable value.

Assets are shown at net book or net realizable value (more on this later), but appreciated values are not generally considered.

Net Realizable Value is a method of evaluating an asset's worth in the field of inventory accounting.

Net realizable value is generally equal to the selling price of the inventory goods less the selling costs (completion and disposal).

Results for 1989 included pretax writedowns of $47 million on unreleased feature film productions to reflect their estimated net realizable value.

Slater said it would have to write down the value of its stainless steel inventory to reflect "manufactured costs in excess of net realizable values."

--Foreclosed property associated with pre-1992 direct loans and loan guarantees is recognized as an asset at net realizable value.

It is simpler than the allowance method in that it allows for one simple entry to reduce accounts receivable to its net realizable value.

Other stocks (e.g. cases, packing materials and other consumables): at the lower of cost and net realizable value.

Cash till - Like the car and the freehold property this can be used in the new business so net realizable value is unlikely to be appropriate.

Stocks purchased for resale and stocks at managed houses : at the lower of cost and net realizable value.

Price Operating Leverage measures the sensitivity of operating profits to changes in Net Realizable Value.

As a result of the corrections and revised estimates of the net realizable value of accounts receivable, the company reduced operating income by about $35 million.

Quantity of fashion garments that were not sold in the closing down sale - At first sight the basis that looks obvious is the net realizable value.

A main product is a joint output that generates a significant portion of the net realizable value (NRV) within a joint production process.