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Dear Professor,
Is it true that disclosures both ways are required. As in if a company uses revaluation model under IAS 16 PPE then it has to disclose the carrying amount of asset had it been measured using cost model.
And similarly if the entity uses Cost model then it has to disclose the current market value of the asset as in under Revlaution model ?
Many thanks!
I don’t think FV disclosures are required under IAS 16 if using cost model. Guidance:
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