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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › measurement
hi
sir , i have one question to check my concept is clear here or not
– Fair value- it is market value in which supplier and customer agreed to buy and sell-
-value in use: the value in use is cost of impairment asset or damaged asset that is cost of asset disposal asset , also called recoverable cost
-current cost: it is NBV , cost – deprecation which is also called replacement cost OR it is cost market based estimation … how much it can be bought or sold in market in current situation ?? i am confused here
If you are taking Paper FA, then what you are asking is not relevant for this exam. The Conceptual Framework which deals with this (apart from value in use which is a term no longer used) is not examinable until Paper FR.