Should accounting for revaluation increases and decreases be done on an asset-by-asset basis or on class-of-assets basis?
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 36-38 of IAS 16 state: 36. If an item of property, plant and equipment is revalued, the e…View the full answer
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Applying International Financial Reporting Standards
3rd edition
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
ISBN: 978-0730302124