value in use

Definitions

Accounting

  • noun the present value of the estimated future net cash flows from an object, including the amount expected from its disposal at the end of its useful life. value in use replaces book value when an asset suffers impairment.

Health Economics

  • (written as Value in Use)
    The maximum amount someone is willing to pay for a particular rate of use of a good or service rather than go without it. Areas A + B in the figure overleaf.
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