The recoverable amount of business assets in Mobara Plant is calculated by the net realizable value
, and the net realizable value
is evaluated by the appraisals by third parties.
The mark-to-market methodology of derivative financial instruments was established based on consistent and verifiable criteria, considering the average price of trading on the date of calculation, or, in the absence thereof, conventional and proven methodologies, pricing models that reflect the net realizable value
If the enterprise does not intend to use the asset in the production process, the impairment to diminish the assets' value is calculated by comparing the net realizable value
to the accounting value, detaining the first;
The forester should not plan to harvest at values of [alpha]< [alpha] but to let the stand continue to provide its current flow of benefits, R([alpha]) + L([alpha])+ [phi]([alpha]), which are greater than current interest on the net realizable value
, r([alpha]) [R([alpha]) + L([alpha])].
The balance items should be reflected in the annual financial statements at a value lower than the value that can be obtained through their sale or use, which means the reduction of inventories value below the cost, to the net realizable value
, that is the estimated selling price that could be obtained during the ordinary course of business, less estimated costs of completion and necessary costs of sale.
* It doesn't exceed net realizable value
(selling price in normal business minus reasonable costs of completion and disposal), and
Other Operating costs for the three and nine months ended September 30, 2011 include recoveries of $232,000 and $17,000 relating to the change in net realizable value
on the Company's vanadium inventory.
Volumetric growth at 9%, mainly due to 8% YoY rise in international oil prices followed by a similar increase in local ex-refinery and retail prices of petroleum products in FY10 led to massive profits for the oil marketing sector unlike last year when 1) Net Realizable Value
adjustments, 2) inventory losses amid sharp drop in international oil prices/ex-refinery prices, 3) forex losses, 4) stagnant volumes, 5) lower product margins and 6) increased receivables leading to heavy financial charges, resulted in huge loss for the sector.
Historical cost $100,000 Current replacement cost 70,000 Net realizable value
90,000 Net realizable value
less a normal profit margin 85,000 Fair value 95,000 Under IFRS, what amount should the company report as inventory on its balance sheet?
Our simulation restricts joint cost assignment to products to the net realizable value
Inventory: Valuation - Market is defined as replacement cost Lower-of-cost-or-market constrained by net realizable value
Rule (ceiling) and net realizable value
minus normal profit (floor) Inventory value write-downs cannot be reversed.
"The FASB could provide a great deal of relief by allowing impaired instruments to be written down to net realizable value
, rather than fair value," Hayes said.