- This topic has 2 replies, 1 voice, and was last updated 8 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
- Posts
Hello
If a property was used by the entity it would be classed under IAS 16. Lets say this value was 1000 less dep of 400 giving a NBV of 600. The entity now decides that it should be investment property and so its valued at fair value of $1,100. The difference of $500 should be recorded in the OCI-revaluation reserve?
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.