The carrying amount of a long-lived asset is the amount originally paid for the asset less anticipated residual value.

Name: The carrying amount of a long-lived asset is the amount originally paid for the asset less anticipated residual value.
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The carrying amount of a long-lived asset is the amount originally paid for the asset (historical cost) less accumulated depreciation and any accumulated impairment losses, not just the anticipated residual value.

The Carrying Amount of a Long-Lived Asset Is the Amount