Value in use definition

Value in use means the net present value of cash flows that an asset generates under a specific use;

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Value in use. . This means that both the context where interaction takes place and the actors’ disposition in sharing and integrating their resources shape cultural value (Ciasullo, Troisi and Cosimato 2018, 162). Other authors (e.g. Rutten 2018) even go a step further, claiming that the very events that provoke social interaction, participation and cultural encounters represent a form of art. This understanding of cultural value as a product of co-creation through “experience-for-experience exchanges” (Ciasullo, Troisi and Cosimato 2018, 167) departs from the traditional understanding of culture as hedonic, elitist and static phenomenon. Accordingly, cultural value is no longer fixed and predefined, but emerges in a dynamic process of co-creation with users (Ciasullo, Troisi and Cosimato 2018). As such, this new idea of culture comes close to the wider understanding of co-creation as collaborative innovation, which does not allow any reference to predetermined results (Sørensen and Torfing 2018, 391).

Value in use means that value is always co-created and value comes out of a service when the consumer makes use of it (not just when a consumer exchanges money or goods for it). Both consumers and producers play a vital role in creating value as it is seen in premises six and nine. Vargo et al. [5] explained in their paper how manufactures put value in a service by applying their skills in the production process and consumers by applying their knowledge and skills and using the service in the context of their lives. In addition to this, consumers may also give their own resources to provide service to the firms and through participating, complete the value co-creation process as premises seven, eight, and ten imply.

Examples of Value in use in a sentence

• Value in use is the present value of estimated future cash flows expected to arise from the continuing use of an asset using the appropriate discount rate.

• Value in use was determined by discounting five year future cash flows, generated from the continuing use of the units.

• Value in use is calculated by discounting the expected cash flows arising from the use of the assets at the rate of return that the market would expect from an equally risky investment.

• Value in use is based on the estimated future cash flows, discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU.

• Value in use is determined by discounting future cash flows to present value, using projected cash flows over the next three years consistent with the Group’s internal plan, an extrapolation of the following two years, and the most recent forecasts prepared by the Group.

• Value in use is calculated as the present value of the estimated future cash flows discounted at appropriate discount rates.

• Value in use is the present value of the future cash flows expected to be derived from the asset.

• Value in use 1 % per month Travel between residential home and place of work 0,30 € per km (simple distance) In certain cases, the party receiving construc- tion works in Germany is obliged to withhold 15 % from the consideration (remuneration including VAT) for the account of the party providing the service.

• Value in use is determined by estimating future cash flows from the use and ultimate disposal of the asset and discounting these to their present value using a pre-tax discount rate that reflects current market rates and the risks specific to the asset.

More Definitions of Value in use

Value in use means the present value of the future cash flows expected to be derived from an asset or Cash Generating Unit.