What is the carrying value of a University asset?
It is the value of an asset based on the original cost of the asset (what we paid for it) less depreciation, if applicable. The carrying value of an asset can be affected if the asset is damaged, enhanced, improved, or retired. For example, the carrying value of an electronic microscope is impaired if the microscope is broken or damaged. Therefore, the carry value would be adjusted to reflect the reduced value.
