Define: Recoverable Amount

UK 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.


Full Definition of Recoverable Amount




Recoverable Amount FAQ's



Cite Term


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Page URL
https://payrollheaven.com/define/recoverable-amount/
Modern Language Association (MLA):
Recoverable Amount. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 20, 2019 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: July 20, 2019).
American Psychological Association (APA):
Recoverable Amount. PayrollHeaven.com. Retrieved July 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/recoverable-amount/

Definition Sources


Definitions for Recoverable Amount are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 5th May 2019.