Other Terms Flashcards
1
Q
~What is carrying amount?
A
GOOGLE:
The amounts that The company has on its books for an asset or a liability.
An accounting measure of value, where the value of an asset or company is based on the figures in the company’s balance sheet.
Also referred to as book value or carrying value; the cost of a plant asset minus the accumulated depreciation since the asset was acquired
2
Q
Cost principle
A
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