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Dear sir,
may i ask that the contract for football players be recognised under the revaluation model? because i think there is an active market for the football players price which could be considered as fair value. like the first tier or second tier of players are usually have their approximate price.
thank u for your help!
Sincerely,
NancyIt has to be an active market for identical assets.
EG Bitcoins, taxi licences in a particular town.
Beckham is not identical to Rooney.
🙂
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