Assume that you are following IFRS 13 and measuring the fair value of a building. The building

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Assume that you are following IFRS 13 and measuring the fair value of a building. The building is currently being rented out. Under IFRS 13, the entity must determine the following:

(a) How the item could be/is used

(b) The market and

Briefly explain each of these and note how they would apply to measuring the building.

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Intermediate Accounting

ISBN: 978-1119048534

11th Canadian edition Volume 1

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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Question Posted: Feb 27, 2017 03:47 AM

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Assume that you are following IFRS 13 and measuring the fair value of a building. The building

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a How the item could beis used The highest and best use concept values the asset based on the ...View the full answer

Intermediate Accounting

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