Should accounting for revaluation increases and decreases be done on an asset-by-asset basis or on class-of-assets basis?

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Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

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Question Posted: Apr 30, 2016 01:02 PM

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Should accounting for revaluation increases and decreases be done on an asset-by-asset basis or on class-of-assets basis?

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Paras 3638 of IAS 16 state 36 If an item of property plant and equipment is revalued the ent...View the full answer

Applying International Financial Reporting Standards

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