Carrying value is an accounting measure of value, where the value of an asset or a company is based on the figures in the company's balance sheet.

The Accounting Equation The accounting equation is: Assets = Liabilities + Owner's Equity. Assets are resources held by the firm.

A clean balance sheet refers to a company whose capital structure is largely free of debt.

Goodwill has an indefinite life, which means that it could stay on the balance sheet forever. Unless the business unit is sold a second time, the value of goodwill on the balance sheet won't go up.