Fair value

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July 27, 2023 at 12:59 pm #689014
krrish2005
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Sir as per fair value measurement , it should not be adjusted for transaction cost
There was a question in kaplan which states a flock of sheep purchased for 100000(including transaction cost of 5000) now for calculating fair value less cost to sell they calculated commission of 5% on 100000

But shouldn’t they first remove the transaction cost?
July 30, 2023 at 9:02 pm #689159
P2-D2
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Presumably it is 5% of the total cost hence why they are applying it to the 100,000.
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