Definitions for "Net Realizable Value"
Keywords:  minus, nrv, overstate, understate, gaap
Prospective selling price minus anticipated selling expenses
The amount at which merchandise that can be sold only at prices below cost should be valued; it is determined as the estimated selling price less any direct costs of disposal.
The amount you would likely receive if an item is sold in a typical transaction minus any cost incurred in order to get the item sold. To Top