PRC-1 · Chapter 6 · Question 27 of 100
'Carrying Amount' or 'Written Down Value' (WDV) is formally defined as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) The amount at which an asset is recognized after deducting any accumulated depreciation and accumulated impairment losses.
Explanation
The carrying amount (WDV) is the net value of an asset recorded on the balance sheet, mathematically calculated as Cost less Accumulated Depreciation (and any impairment).
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