Mastery card
I can explain Carrying Amount
The net amount an asset is reported at after deductions like depreciation.
Carrying amount (book value) is the amount at which an asset is recognized after deducting accumulated depreciation and accumulated impairment losses.
Sticky trick
Compare carrying amount to recoverable amount when testing impairment.
Take into the room
In plain English, what is Carrying Amount?
Or open the share card 🧾
Or start your own 5-word trail from home.