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What is IAS 16 - Revaluations Gripping GAAP Extract 2 about?

This document discusses the revaluation model for property, plant, and equipment (PPE) under IAS 16, highlighting the choice between the cost model and the revaluation model for subsequent measurement. It explains that the chosen model must be consistently applied within a class of assets and outlines the principles of recognition, initial measurement, depreciation, and impairment testing that are applicable to both models. The document also details how to account for increases and decreases in fair value w

Author

Maria

Language

EN