Hey Werty:
I find the following statement somewhat difficult to understand. Could you possibly elaborate the meaning:
"Companies can adopt a policy of revaluing assets if they wish. If they revalue assets the carrying amount should approximate to the fair value at the reporting date"
Thank you.
Best wishes,
SK
I find the following statement somewhat difficult to understand. Could you possibly elaborate the meaning:
"Companies can adopt a policy of revaluing assets if they wish. If they revalue assets the carrying amount should approximate to the fair value at the reporting date"
Thank you.
Best wishes,
SK
