2) Allocate the previous carrying amount
between the assets sold, if any, and the retained interests, if any, based on their relative fair values at the date of transfer.
For example, in disclosing information about "the nature and carrying amount
for each individual investment or group of investments that represents a significant concentration of market risk," the specific method of disclosure was noted and is provided on that level in the accompanying tables.
When a company recognizes an impairment loss for an asset group, it must allocate the loss to the long-lived assets in the group on a pro rata basis using their relative carrying amounts
At each balance sheet date, the Group reviews the carrying amounts
It may be prohibited from doing so, however, if a hypothetical market participant (for example, the most efficient widget-maker) would be able to operate the plant at a higher capacity and with greater efficiency, resulting in a fair value that is in excess of Company C's carrying amount
There also are required disclosures regarding changes in the carrying amount
The loss, if any, resulting from changes in the carrying amounts
of asset to be disposed of that arises from application of this Statement.
Notes payable to banks: The carrying amounts
of the company's borrowings under its short-term credit agreements approximate their fair value.
Accounting rules provide some guidance for recording the inability to fully recover the carrying amounts
of current assets.
Additionally, accounting for carrying amounts
is also very diverse and contributes to the inconsistent disclosure of the carrying amounts
of the derivative instruments.
The carrying amounts
of any recognized intangible assets that meet the recognition criteria in paragraph 39 of Statement 141 that have been included in the amount reported as an unidentifiable intangible asset and for which separate accounting records have been maintained (as discussed in footnote 25 of Statement 141) shall be reclassified and accounted for as assets apart from the unidentifiable intangible asset and shall not be reclassified to goodwill.
According to the FASB, Interpretation 47 will result in (a) more consistent recognition of liabilities relating to asset retirement obligations, (b) more information about expected future cash outflows associated with those obligations, and (c) more information about investments in long-lived assets because additional asset retirement costs will be recognized as part of the carrying amounts
of the assets.