Question: A local school had its non-current assets valued on 1 July 20X0. The assets have increased in value in recent years but are not subject
A local school had its non-current assets valued on 1 July 20X0. The assets have increased in value in recent years but are not subject to volatile increases in their fair value. How frequently should the school revalue its non-current assets under IPSAS 17 \"Property, Plant and Equipment\"? Please select the right answer. Annually With sufficient regularity to ensure that carrying value is not significantly different from fair value Every five years Only if there is volatile movement
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
