Replacement cost: How much does it cost to buy another one now?

Net realizable value: how much money is left after selling now, deducting expenses and taxes paid. ?

Present value: the value of increased net cash flow discounted according to the cost of capital when put into production. ?

Confiscation value: the price voluntarily accepted by two or more parties who are familiar with the transaction information.

Difference:

1, historical cost, this measurement method is generally applicable to purchased assets.

2. The replacement cost is applicable to determine the value of surplus assets.

3. Net realizable value is generally applicable to the determination of inventory impairment.

4. The present value method is applicable to the determination of the asset value specially required by the standards, such as the recorded value of financial leasing assets, the value of assets purchased by installments (generally more than 3 years) and the income from commodity sales by installments (generally more than 3 years).

5. Fair value? , which is applicable to the determination of the value of assets specially required by these Standards, such as trading financial assets, available-for-sale financial assets, investment real estate measured in a fair mode, assets invested by investors, assets obtained through debt restructuring, etc.

Extended data:

These terms "historical cost, replacement cost, net realizable value, present value and fair value" are all related to the specific meaning of value, but what is the essence of value?

Marx's value theory inherits and develops the classical values, especially those of Adam Smith and david ricardo.

Indifferent human labor or abstract human labor condensed in commodities is one of the basic elements of commodities.

The value of goods shows that:

(1) A commodity can only be valuable if it has use value, and use value is the material undertaker of value.

② Value is formed by abstract labor rather than concrete labor. Concrete labor and natural materials combine to create the use value of goods, and abstract labor condenses into value in goods.

(3) Value is invisible and intangible, and only through the reciprocity and exchange relationship between one commodity and another can it be shown in commodity exchange; Value is the content of exchange value, and exchange value is the manifestation of value.

(4) Value is the social attribute of commodities, which embodies the social relationship of commodity producers exchanging labor with each other.

References:

Baidu Encyclopedia-Value