Examlex
What constitutional amendments pertain to the field of corrections? Do these amendments apply only to prisons, or to jails, probation, and or parole?
Carrying Amount
The book value of assets and liabilities, calculated as the original cost minus any accumulated depreciation, impairment, or amortization.
Fair Value
The expected proceeds from an asset sale or the financial commitment for a liability shift in an orderly engagement among market participants at the time of determining value.
Loss on Acquisition
A financial loss that occurs when the cost to acquire a company or asset exceeds its fair value.
Gain on Sale
The profit realized from the sale of assets that exceeds the book value of those assets.
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