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Moyes

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.

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August 18, 2020 at 12:40 pm #581038
toushiga
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Sir, for Dec 2018 Q1
Why the inventory will suffer the exchange loss($80/5-$80m/6) while its non-monetary asset that should not be remeasured using the closing rate?
August 18, 2020 at 5:29 pm #581084
Stephen Widberg
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Non-monetary assets are normally measured at the historic rate.
However if the non-monetary assets is revalued you should use the exchange rate at the date of the valuation.
So there will be an exchange difference
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