Highest and best use – IFRS 13Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Highest and best use – IFRS 13This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 20, 2020 at 7:20 pm #581327 akka17bakkaParticipantTopics: 105Replies: 99☆☆☆Hi Tutor,Could you kindly explain what IFRS 13 means ( regarding Non Financial assets) higest and best use?Thank you. August 21, 2020 at 5:29 pm #581435 Stephen WidbergKeymasterTopics: 16Replies: 3411☆☆☆☆☆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 150AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In