Does IAS 40 say on how frequently one can revalue the Investment property? if they choose to measure it using the fair value model. is it wrong to revalue the asset from year to year consecutively? thanks for your help. Reply SilviaMarch 21, 2023 at 8:17 am ...
Examples of investment property What specifically can be classified as investment property? Here is a couple of examples (refer to IAS 40.8): Land held as an investment for long-term capital appreciation, or for future undetermined use (i.e. you don’t know yet what you’ll use it for)....
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Under this model, you shouldrevalue your assets regularly to their fair value and depreciate revalued amount over remaining useful life. When you revalue your assets, the change is recognized inother comprehensive income(with some exceptions). Here, the important thing is that you can use revaluat...
Of course, it can be different for various items, for example: For financial liabilities: when an entity becomes a party to a contractual provisions of a contract; For property, plant and equipment: when it’s probable that the future economic benefits from the asset will flow to the entity...
Non-derivative part in this case is a rent of some property or facility. An embedded derivative part is then forward contract indexed to the consumer price index inEU. IAS39 requires separation of embedded derivative from the host contract when the following conditions are fulfilled: ...
Gains related to primary performance (sale of property, plant and equipment, etc.) The main point here is that other IFRS standarddoes not permitrecognition of these changes directly to equity. All these changes are reported inprofit or loss. ...
Revaluation model is prescribed as an option under IAS 16 Property, Plant and Equipment. It means that you can apply it for any assets used for more than 1 year in the production process, for rental to others or for administrative purposes, including your buildings or machinery. ...
Solution 2: Revalue your assets to their fair value. Standard IAS 16permits 2 models for subsequent measurement of your property, plant and equipment: cost model and revaluation model. And it is true that if you still plan to use existing machines in the future, their fair value is for sur...
An entity shall revalue its assets with sufficient regularity so that the carrying amount does not differ materially from its fair value at the end of the reporting period. If an item of property, plant and equipment is revalued, the entire class of property, plant and equipment to which tha...