Calculate the net realizable value of inventory by subtracting expected costs from market value. This helps businesses determine the value of inventory that can be realized after selling it.
Learn how to use the Net Realizable Value Calculator and its working principles
Net Realizable Value (NRV) is the estimated selling price of an asset in the ordinary course of business, minus the costs of completion, disposal, and transportation. It represents the amount a company expects to receive from selling an asset after accounting for selling expenses.
NRV is particularly important in accounting for inventory valuation. According to accounting principles, inventory should be valued at the lower of cost or NRV. This ensures that inventory is not overvalued on the balance sheet and reflects potential losses from unsold or slow-moving inventory.
If you have inventory with a market value of $1,000, expected selling costs of $200, and transportation costs of $50, the NRV would be $750 ($1,000 - $200 - $50).