FAS 30 has classified the assets into three main categories for the purpose of revaluation. A different
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FAS 30 has classified the assets into three main categories for the purpose of revaluation. A different revaluation technique is applied to each category of assets.
a. Credit loss approach for other assets
b. Impairment approach for receivables and off-balance sheet exposures
c. NRV approach for inventories
d. NRV approach for other assets
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Related Book For 
Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application
ISBN: 9781032464022
1st Edition
Authors: Abdul Rauf Mahar, Ayesha Bhatti, Muhammad Junaid Ashraf, Asfand Zubair Malik
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