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Stephen Widberg.
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akka17bakka
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Hi Tutor,
Could you kindly explain what IFRS 13 means ( regarding Non Financial assets) higest and best use?
Thank you.
Stephen Widberg
- Topics: 10
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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
akka17bakka
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