what is nrv
Net realizable value. Net realizable value (NRV) is a method of evaluating a fixed or current asset's worth when held in inventory, in the field of accounting.
In accounting, NRV is an acronym that stands for net realizable value.. An asset's net realizable value is the amount of money a business expects to receive when it sells or collects on the asset. Most businesses use net realizable value calculations to estimate the worth of their current inventory or accounts receivable.