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Hi
What is the difference between revaluation of a NCA by a valuer and by fair value?
why do we not take the appreciation in fair value into account to the revaluation reserve?
thanks
Hi,
Sorry, but I’m not 100% sure about your question above. NCA (PPE?) is valued to fair value if held under the revaluation model and the valuation must be carried out by a qualified valuer.
The increase in fair value is taken through other comprehensive income.
Hope this helps, but let me know if you need more information.
Thanks
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