A measure of value for a company’s assets. It’s typically determined by the original cost of the asset minus any depreciating factors. These factors vary based on the nature of the asset (eg, land is an asset not generally considered depreciable). The carrying value (or carrying amount) is generally lower than the current market value.
We don't know everything about the markets. We're just devoted to learners. Taken from those smarter than ourselves, here's how we define Carrying Value.