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.


Advertisement




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/recoverable-amount/
Modern Language Association (MLA):
Recoverable Amount. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 24, 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: February 24, 2020).
American Psychological Association (APA):
Recoverable Amount. PayrollHeaven.com. Retrieved February 24, 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)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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