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Highest and best use - IFRS 13

ABAkka Bakka6y ago
Hi Tutor, Could you kindly explain what IFRS 13 means ( regarding Non Financial assets) higest and best use? Thank you.
stephenwidbergstephenwidbergTutor6y ago#1
Imagine that you own a house. The value of the house is 100 if it continues to be used as a house. The value of the house is 150 if I sell it to a supermarket who plans to knock it down and replace it with a superstore. Highest and best use would be 150
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