Lưu trữ Danh mục: Bookkeeping

NRV: What Net Realizable Value Is and a Formula To Calculate It

This was updated in 2015 to where companies must now use the lower of cost or NRV method, which is more consistent with IFRS rules. NRV is a conservative method for valuing assets because it estimates the true amount the seller would receive net of costs if the asset were to be sold. To be […]