Question: If you know then only do otherwise leave for others Entity A is a large manufacturing group. It owns a number of industrial buildings, such
If you know then only do otherwise leave for others 
Entity A is a large manufacturing group. It owns a number of industrial buildings, such as factories and warehouses and office buildings in several capital cities. The industrial buildings are located in industrial zones, whereas the office buildings are in central business districts of the cities. Entity A's management want to apply the revaluation model as per AS 10 (Revised) to the subsequent measurement of the office buildings but continue to apply the historical cost model to the industrial buildings. State whether this is acceptable under AS 10 (Revised) or not with reasons
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
