Question: If foreign currency denominated non - monetary items are measured using the fair value method, they must be translated into the functional currency using the:

If foreign currency denominated non-monetary items are measured using the fair value method, they must be translated into the functional currency using the:
Which of the following:
exchange rate at the date when the value was determined
closing exchange rate for the financial year. exchange rate at the transaction date.
exchange rate current at end of reporting period

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