Carrying amount is the amount at which an asset is recognised after deducting any accumulated depreciation (amortisation) and accumulated impairment losses thereon.
Carrying amount is the amount at which an asset is recognised in the statement of financial position. (IAS 40, IAS 41)
Sources:
- IAS 16 Property, Plant and Equipment
- IAS 36 Impairment of Assets
- IAS 38 Intangible Assets
- IAS 40 Investment Property
- IAS 41 Agriculture.
