Accounting for Non-Current Assets
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Last updated 11:40 AM on 3/30/26
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4 Terms
1
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carrying amount
the net value at which an asset or liability is reported on a company's balance sheet
2
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depreciable amount
the portion of a fixed asset's cost that is expensed over its useful life, calculated as the initial cost minus the estimated residual (salvage) value
3
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residual value
the estimated net worth of a fixed asset at the end of its useful life or lease term, representing the amount a company expects to gain from its disposal
4
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Cost Model (AASB136)
