Define: Recoverable Amount

Business, Legal & Accounting Glossary

Definition: Recoverable Amount


Quick Summary of Recoverable Amount


The value of an asset treated as the greater of it’s net realisable value and it’s value in use.



What is the dictionary definition of Recoverable Amount?

Dictionary Definition


The value of an asset treated as the greater of it’s net realisable value (NRV) and it’s value in use.


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Page URL
https://payrollheaven.com/define/recoverable-amount/
Modern Language Association (MLA):
Recoverable Amount. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 09, 2020 https://payrollheaven.com/define/recoverable-amount/.
Chicago Manual of Style (CMS):
Recoverable Amount. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/recoverable-amount/ (accessed: April 09, 2020).
American Psychological Association (APA):
Recoverable Amount. PayrollHeaven.com. Retrieved April 09, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/recoverable-amount/

Definition Sources


Definitions for Recoverable Amount are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 10th August, 2019