Selling Expenses

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January 1, 1 6 min read Definitions

Real Estate Financial Accounting Market Value Selling Expenses NRV Calculation Property Valuation Inventory Accounting

Net Realizable Value (NRV) is the estimated selling price of a property in the ordinary course of business, less reasonably predictable costs of completion and selling expenses. It is a crucial concept particularly in inventory and financial accounting, where it's used to ensure assets are not overstated in financial statements.