A change from cost model to FV model investment property

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Stephen Widberg.

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October 25, 2019 at 10:30 pm #550829
milijalae
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How to account for a change from cost model to FV model investment property where there is accumulated depreciation
October 27, 2019 at 4:59 pm #551033
Stephen Widberg
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Dr PPE x
Cr OCI x
(Fair value – carrying amount)

then

Dr IP x
Cr PPE x

Finished!
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