The current value of economic goods (a plant) is the acquisition value decreased by the sum of the past regular writings-off. There the wear outable fixed assets (for example buildings and machines) in the course of the time at value lose, for the bookkeeping and cost calculation a certain money (depr.) are copied annually (set off).

If the economic goods in the course of the time are revalued, by a repair, renovation to be increased then a correction of value is to be made and the book value. The value of the correction sits down together from the performed work (this can have been furnished also by the own coworkers of an enterprise) and the value of the used material.

Current value = acquisition value - past writing-off + correction of value

In insurance the term current value is likewise common, here understands one by it the original value of a thing less a money for age, use and wear. Particularly in the case of repurchase values in the life insurance in [insurance contract law]] (VVG) on the current value the purchase one takes ("§ 176 exp. 3 VVG). It is directly set in the law reason with the common value in the tax law.

In the according to commercial law regulations for insurance the current value designates the market value or an accordingly modelled value in connection with the evaluation of investments ("§"§ 341 exp. 4, 341 D of the commercial code and "§"§ 54 FF RechVersV).

In internationally the Financial reporting standard is fair "“the current value"” which can be settled in the German version the translation for the VALUE (see Accounting standard 39 also international.

See also

• Replacement value
• Book value multiplicator

Articles in category "Current value"

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