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Gross carrying amount and net carrying amount.

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Gross carrying amount and net carrying amount.

  • This topic has 4 replies, 2 voices, and was last updated 7 months ago by John Moffat.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • October 18, 2024 at 4:04 am #712528
    hoangacca
    Participant
    • Topics: 8
    • Replies: 10
    • ☆

    Hi sir,

    It is not difficult to learn by heart that we should disclose Gross Carrying amount of an intangible asset. But may you clarify the difference between Gross carrying amount, net carrying amount pls?

    October 18, 2024 at 8:17 am #712529
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54664
    • ☆☆☆☆☆

    It relates to whether there were any government grants relating to the asset. The gross amount if before any grants whereas the net amount is after government grants.

    However this is not relevant for Paper FA.

    October 20, 2024 at 12:02 pm #712570
    hoangacca
    Participant
    • Topics: 8
    • Replies: 10
    • ☆

    Thank you so much, professor!!!

    October 20, 2024 at 12:02 pm #712571
    hoangacca
    Participant
    • Topics: 8
    • Replies: 10
    • ☆

    Thank you so much, professor!!!

    October 21, 2024 at 9:21 am #712593
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54664
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
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