Book Value (Revaluation Model)
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Description
The revalued amount (being its fair value at the date of the revaluation) of a PPE asset less any subsequent accumulated depreciation and any subsequent accumulated impairment losses. The remaining undepreciated cost is also known as carrying amount.
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/Book value
Learning Material
Covered in Topic(s)
| Plant & Intangible Assets |