Value of the organization’s contra asset account set up as a provision for a potential future loss of capital that has been lent out by the organization as of the end of the reporting period.
Value of the organization’s contra asset account set up as a provision for a potential future loss of capital that has been lent out by the organization as of the end of the reporting period.
This metric is intended to capture the reduction in the recoverable amount of a fixed asset below its book value.