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?
Ask the Tutor ACCA FA
Gross carrying amount and net carrying amount.
1y ago#1It 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.
Thank you so much, professor!!!
Thank you so much, professor!!!
1y ago#4You are welcome :-)
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