Define: Carrying Amount
Carrying Amount means the value of an asset on a balance sheet, after subtracting accumulated depreciation and impairment losses
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Carrying Amount means the value of an asset on a balance sheet, after subtracting accumulated depreciation and impairment losses.
Relevant Circumstances
- Sale or Purchase of Assets
- Applying for Loans
- Consolidating business units
- Financial Reporting