Carrying amount is the effect of the year 15 bond transactions was to increase long-term liabilities by the excess of the 10-year bond's face amount over that of the 15-year bond's.
The cost of an asset less accumulated depreciation is its carrying amount, sometimes referred to as its carrying value. The carrying amount is often not included in the balance sheet because it needs to be determined. The carrying amount is, however, often never higher than the current market value.
According to accounting convention, original cost rather than market value is used to record assets on the balance sheet since original cost can be linked to a purchase document, like a receipt. Value in the market is more arbitrary. An asset's carrying value at the time of initial acquisition is equal to its original purchase price. However, an asset's value will shift with time.
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