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Fair value model vs cost model

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Fair value model vs cost model

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.
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  • October 5, 2017 at 5:19 pm #409564
    jihun lee
    Member
    • Topics: 117
    • Replies: 51
    • ☆☆

    for example like in IAS 40, investment properties, how do we know whether to use fair value model or cost model ? Because the question never state which model to use ?

    October 7, 2017 at 7:55 am #409729
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    I’d use the fair value model unless otherwise stated.

    Thanks

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