The present value of the future cash flows expected to be derived from an asset or cash- generating unit is referred to as:

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The present value of the future cash flows expected to be derived from an asset or cash-generating unit is referred to as "value in use." This concept is used in impairment testing under IFRS and GAAP to determine if the carrying value of an asset exceeds its recoverable amount. Fair value, value in exchange, and market value are related concepts but do not refer specifically to the present value of future cash flows.

The Present Value of the Future Cash Flows Expected to Be