Fair value model vs cost model

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October 5, 2017 at 5:19 pm #409564
jihun lee
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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
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Hi,

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

Thanks
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