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IAS 16 – PPE

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 16 – PPE

  • This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.
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  • November 24, 2010 at 8:31 am #46190
    huuloc
    Member
    • Topics: 10
    • Replies: 8
    • ☆

    Hi Mike,
    Is it right that the entity could adopt “cost method” and/or “revaluation” to measure PPE? And any requirements/or restrictions if the entity changes from cost to revaluation and vice versa? Many thanks.

    November 24, 2010 at 8:19 pm #71346
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    I believe that consistency is the issue here. I understand that you cannot switch from one to the other ( just once ) To come back to the other suggests “manipulation” and therefore not acceptable.

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