can u tell me wht is diff. btwn fair value and net realisable value?
1 Replies
Narayanan Balakrishnan
(Chartered Accountant)
(98 Points)
Replied 15 August 2009
Net realisable value is the amount realisable from the sale of an asset net of any cost required to sell the asset. Fair value is the net realisable value or the economic value whichever is greater. Economic value of the asset is the PV of the amount realisable from the asset during its expected life.
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