The term "value in use" means:
A) The price at which an asset can be sold in orderly markets
B) The amount the company would receive by selling the asset in orderly markets, less transaction costs
C) The expected present value of continuing to use the asset
D) The price at which someone can buy the asset now.

Question

Quizplus · Accepted Answer

Value in use refers to the expected present value of continuing to use an asset. It is the value that a company will derive from using an asset over its lifetime. Option A refers to market value, option B refers to net realizable value, and option D refers to the current market price of the asset.

The Term "Value in Use" Means