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revaluation on a warehouse

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › revaluation on a warehouse

Viewing 4 posts - 1 through 4 (of 4 total)
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  • June 5, 2019 at 4:51 pm #519167
    dennis98
    Member
    • Topics: 34
    • Replies: 42
    • ☆☆

    Hi
    I was wondering if you have a warehouse and it is being revalued annually would this mean the fair value would be its potential value as an investment property?

    June 5, 2019 at 7:55 pm #519226
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    The fair value will take into account its best use, so if it is held as IP then yes it would be.

    Thanks

    June 5, 2019 at 10:19 pm #519250
    dennis98
    Member
    • Topics: 34
    • Replies: 42
    • ☆☆

    Thanks. So if you’re using it as a warehouse then what is considered its best use?

    June 12, 2019 at 1:28 pm #520300
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    I’d have thought for storing goods or manufacturing goods.

    Thanks

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