Examlex
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Carrying Amount
Carrying amount is the value at which an asset is recognized in the balance sheet after deducting accumulated depreciation and impairment losses.
Revaluation Model
An accounting method that allows assets to be carried at a revalued amount, reflecting their fair value at the date of revaluation.
Impairment Loss
The amount by which the carrying amount of an asset or cash-generating unit exceeds its recoverable amount, leading to a reduction in value on the balance sheet.
Revaluation Decrement
The process of decreasing the recorded value of an asset to reflect its current market value, often recognized in financial reporting.
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