On Jan 1, 2021, Entity D purchased a debt instrument at its face value of 1,000,000. The contractual term is ten years with an annual coupon of 6%. On Dec 31, 2021, the fair value of the instrument decreases to 955,000. 12-month expected credit losses as determined under the impairment model are 25,000. The debt instrument is classified as FA at AC

How much is the carrying amount of the debt investment on Dec 31, 2021?

Answer rating: 100% (QA)

Carrying amount Face value Impairment loss Given Face v... View the full answer