a. Carrying Amount - is the amount at which an asset is recognized after deducting any accumulated depreciation and accumulated impairment losses.

b. Cost - is the amount of cash or cash equivalents paid and the fair value (FV) of the other consideration given to acquire an asset at the time of its acquisition or construction.

c. Depreciation - is the systematic allocation of the depreciable amount of an asset over its useful life.

d. Depreciable Amount - is the cost of an asset, or other amount substituted for cost, less its residual value.

e. Entity-specific Value - is the present value (PV) of the cash flows an entity expects to arise from the continuing use of an asset and from its disposal at the end of its useful life or expects to incur when settling a liability.

f. Exchange Transactions - are transactions in which one entity receives assets or services, or has liabilities extinguished, and directly gives approximately equal value (primarily in the form of cash, goods, services, or use of assets) to another entity in exchange.

g. Fair Value - is the amount for which an asset could be exchanged or a liability settled, between knowledgeable, willing parties in an arm's length transaction.

h. Impairment Loss of a Cash-generating Asset - is the amount by which the carrying amount of an asset exceeds its recoverable amount.

i. Impairment Loss of a Non Cash-generating Asset - is the amount by which the carrying amount of an asset exceeds its recoverable service amount.

j. Non-exchange Transactions - are transaction where an entity either receives value from another entity without directly giving approximately equal value in exchange, or gives value to another entity without directly receiving approximately equal value in exchange.