Service Potential

Service Potential
Service potential refers to the extent to which an asset helps an entity achieve its objectives, especially in non-cash generating contexts. This term is commonly used in the public sector and not-for-profit organizations.
Value in Use
Value in use is the present value of an asset's future cash flows derived from its continued use and eventual disposal, used primarily in impairment testing and asset valuation assessments.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.