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exceptions in a class of assets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › exceptions in a class of assets

  • This topic has 1 reply, 2 voices, and was last updated 11 months ago by Stephen Widberg.
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  • August 7, 2021 at 4:18 am #630631
    Noah098
    • Topics: 936
    • Replies: 352
    • ☆☆☆☆☆

    sir if there is a class of assets that is measured at revaluation model, but there is this one asset ( or say, group of assets within that class) which cannot be measured at revaluation model because there is no active market for it, then is it measured at cost model while rest of the assets within that class continue to be measured at revaluation model? Or that all assets within that class will now have be measured at revelation model?

    August 7, 2021 at 6:50 am #630643
    Stephen Widberg
    Moderator
    • Topics: 10
    • Replies: 2531
    • ☆☆☆☆☆

    No need for active market – as a last resort use a Level 3 (unobservable) input. IFRS 13

    But still revalue entire class.

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