IAS 16 – PPE

This topic has 1 reply, 2 voices, and was last updated 15 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
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: 23369
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.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.