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of <h1>Understanding Net Realisable Value: How Businesses Assess Inventory Value and Handle Write-Downs Due to Market Changes</h1> Net Realisable Value (NRV) is the estimated selling price of inventories in the ordinary course of business, less costs of completion and costs to make the sale. Inventories are written down to NRV when their cost is not recoverable due to damage, obsolescence, or price decline. This practice ensures assets are not valued above their expected realisation. NRV is assessed item by item, though similar items may be grouped. Estimates consider reliable evidence and contract prices. Materials are not written down below cost unless finished product prices fall below NRV. Periodic reassessment may lead to reversing write-downs if conditions improve.
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