Amortized cost

Amortization Expense Journal Entry – Example, Definition, and Recording

Amortized cost, General Journal

Assets are resources owned or controlled by a company or business that bring future economic inflows. There are various types of assets that companies use in daily operations to generate revenues. Among these are fixed assets, which they use in the long run to generate revenues. These assets can be either tangible or intangible. What […]

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What is Amortized Cost? And How to Calculate It?

Amortized cost

Introduction The amortized cost falls under-investment category and method to accounting which requires financial assets under amortized cost method to be reported on balance sheet date at amortized cost, which should equal initial acquisition amount fewer deductions for principal repayment and adjustments amortization or impairment if any. It is a presentation category allowed by IFRS

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