An accounting method for determining the fair value of an asset or liability by using current exit value or expected exit value. In general, exit value is the value obtained (i.e., the price received) from selling an asset (or broadly an economic resource) or the value surrendered (i.e., the price paid) upon transferring a liability all in an exchange-like transaction, and net of selling/ disposal costs. 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. An exit value is a net amount, being the difference between selling price and selling costs in the normal course of business.

Current exit value is the present value or the amount at which an asset could be sold or a liability transferred after deducting selling/ disposal/ transfer costs. On the other hand, expected exit value is a non-discounted amount that an entity expects to realize from an asset (or expects to pay upon transferring a liability) in the due course of business, net of the direct costs associated with the sale/ transfer- i.e., conversion into an amount of money. It is sometimes referred to as net realizable value (NRV).