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Carrying value vs cost value

This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.

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May 27, 2011 at 3:39 pm #48672
popi295
Member
- Topics: 1
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Hello,
I need a clarification regarding Cash Flow T a/cs. How should i understand if the PPE A/C should be prepared under carrying value or cost value.
I am a little mixed up.
May 27, 2011 at 6:22 pm #82422
MikeLittle
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- Topics: 27
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If accumulated depreciation is given, then use cost value. If it’s not, then use carrying value
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