Define: Value In Use

UK Accounting Glossary

Definition: Value In Use


Quick Summary of Value In Use


The value of an asset calculated by discounting the future cash flows obtainable from it’s continued use.



What is the dictionary definition of Value In Use?

Dictionary Definition


This is the value of an asset calculated by discounting the future cash flows obtainable from it’s continued use.

This includes any costs associated with it’s disposal.

In instances where an asset does not generate any cash flow but is considered valuable for other reasons, it’s value in use may be calculated on the basis of it’s depreciated replacement cost.


Advertisement



Full Definition of Value In Use



Advertisement



Examples of Value In Use in a sentence


The classical Economist, Adam Smith was quite intrigued by the disparity between “value in use” and “value in exchange”.


Value In Use FAQ's



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/value-in-use/
Modern Language Association (MLA):
Value In Use. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 20, 2019 https://payrollheaven.com/define/value-in-use/.
Chicago Manual of Style (CMS):
Value In Use. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/value-in-use/ (accessed: September 20, 2019).
American Psychological Association (APA):
Value In Use. PayrollHeaven.com. Retrieved September 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/value-in-use/

Definition Sources


Definitions for Value In Use are sourced/syndicated from:


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