Value in Use

The worth of all the rights arising from ownership; the quantity of one thing that will be given in exchange for another.
Example: A property may have a certain value to its owner (value in use) equal to the amount of other property (typically cash) that the owner would be willing to accept in exchange for the property without loss in wealth or well-being. The same property may have a different Market Value (value in exchange) equal to the amount of other property exchanged for the property when many typically motivated buyers and sellers are allowed to interact.

Discounted value of net cash receipts to be obtained from the corporate asset. The present value calculation includes consideration of annual cash inflows plus the disposal value.