A measure of value that represents the value transferred or surrendered (i.e., the price paid) to purchase an asset (or broadly an economic resource) or the value obtained (i.e., the price received) upon issuing a liability all in an exchange-like transaction. For an entity holding the asset or liability, this transaction takes place in a principal market (most active market), or in the absence of such a market, in a most advantageous market.

By nature, entry value is a current market value. It is also known generally as a replacement cost. It is the opposite of exit value. Typically, and in normal market conditions, entry value is higher than exit value (net realizable value or NRV) for many reasons including: 1) selling an asset without proper marketing or market reach usually results in a lower price (as compared with a dealer which can sell assets on better terms) and 2) the effect of “tearing out” and other disposal costs (which are deducted from selling price in computing the exit value or net realizable value).