net realizable value

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Related to Realizable Value: Present value, Fair value

Net Realizable Value

The net asset value of an asset or investment if it were sold, less the estimated cost of the sale and the amount the seller would have to spend to bring the asset or investment to a state where it can be sold. The NRV is used in GAAP accounting rules to ensure that the value of an asset or investment is not overstated.

net realizable value

the amount for which a FIXED ASSET or CURRENT ASSET can be sold, less any selling expenses involved. Net realizable value of an asset may be below its Net Book Value in which case the ACCOUNTING PRINCIPLE of prudence would suggest that the value of the asset in the company's LEDGER accounts should be adjusted downward to avoid overstating asset values in the BALANCE SHEET.

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References in periodicals archive ?

All other assets are presented at estimated net realizable value on an undiscounted basis.

Wellsford Real Properties, Inc. Reports Second Quarter 2006 Results

On the first issue, discussion centered on whether a write-down of nonmonetary assets (for example, fixed assets or identifiable intangibles) to net realizable value should be reversed.

Lessors and discontinued operations subsequently retained

Loans secured by collateral not readily marketable or susceptible to deterioration in realizable value.

Managing risk in audits of financial institutions; how CPAs can identify high-risk areas in savings and loan audits

The Lawrence facility will also be written down to net realizable value as part of the Company's fourth quarter 2005 financial results and the plant will also be prepared for sale.

Serologicals Corporation Announces Plant Rationalization Actions

8 million impairment charge to write-down to net realizable value the carrying value of certain assets used in the Company's steel stamping business.

Raytech Corporation Announces Third Quarter Results, Filing of Form 10-Q for the Third Quarter and an Amended Form 10-Q for the Second Quarter

The restructuring charges include primarily the write-down of intangible and tangible assets to net realizable value, along with certain charges related to its 1994 "re-engineering" plan.

WHEREHOUSE ENTERTAINMENT INC. ANNOUNCES YEAR-END RESULTS

The Company also expects to record during the fourth quarter approximately $23-28 million in pretax charges for the closing of 40-45 underperforming Wendy's restaurants that were negatively impacting profits and returns, and to reflect the net realizable value of a market held for disposition.

Wendy's International, Inc. Announces Progress on Its Strategic Initiatives

The increase in net loss is primarily due to an additional write down of $2,412,000 in property values to their estimated realizable value and the provision for additional reassessment of the La Mirada facility by the Los Angeles County Tax Assessor of approximately $800,000.

MEDICAL PROPERTIES ANNOUNCES YEAR-END RESULTS

May 5 /PRNewswire/ -- The Presley Companies (NYSE: PDC) today reported that, in connection with finalizing the company's annual Proxy Statement, the company has changed the method of determining net realizable value of its real estate inventories to include post-completion holding costs other than interest.

THE PRESLEY COMPANIES REPORTS REVISED 1993 RESULTS

9 million in the 2005 third quarter to reduce the carrying value to its estimated net realizable value.

Chai-Na-Ta Corp. Reports 2005 Third Quarter Results

A major work action at Delphi, and the impact it would have on GM's long-term production plans, could severely impair the realizable value of Delphi's asset base in a liquidation scenario.

Fitch Assigns 'BB-' Rating to Delphi Corp.'s $2B DIP Credit Facilities

These activities resulted in the Company reducing the carrying value of its pre-existing transmission equipment, MDU systems and set-top converters to their net realizable value.