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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › revaluation on a warehouse
Hi
I was wondering if you have a warehouse and it is being revalued annually would this mean the fair value would be its potential value as an investment property?
Hi,
The fair value will take into account its best use, so if it is held as IP then yes it would be.
Thanks
Thanks. So if you’re using it as a warehouse then what is considered its best use?
I’d have thought for storing goods or manufacturing goods.
Thanks