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Replacement Value

The replacement value of an asset is the cost that entity (broadly, the user) has to incur in order to...

Replacement Cost

The replacement cost of an asset is the cost that entity (broadly, the user) has to incur in order to...

DRC

It stands for depreciated replacement cost; the depreciated replacement cost of an asset is the current replacement cost of the...

Depreciated Replacement Cost

The depreciated replacement cost of an asset is the current replacement cost of the asset, less accumulated depreciation (computed on...

Exit Market

A market that is used, in absence of a principal market, to obtain pricing information about the sale of an...

Most Advantageous Market

The market that maximizes the amount that would be received from sale of an asset or minimizes the amount that...

Principal Market

The market that has, in comparison with other markets, the greatest volume and highest activity level for the trading of...

FMV

It stands for fair market value; the price that agreed by a buyer and a seller for a specific asset...

Fair Market Value

The price that agreed by a buyer and a seller for a specific asset or liability, in the open market...

Asset FV

The fair value of an asset is the price that would be received to sell an asset in an orderly...