Calculate Net Realizable Value (NRV) is a term used in business to identify the amount of money that can be obtained by selling an asset in the marketplace. In other words, NRV is the estimated market value of an asset less expected costs associated with selling that asset. Calculating NRV helps businesses accurately assess the worth of their possessions and make wise decisions about when to sell them. Knowing their NRV also allows businesses to set realistic expectations for the profits they can expect to make from sales. NRV is an essential tool for any business looking to successfully manage its assets.