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Transfer from PPE IAS 16 to IAS 40

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Transfer from PPE IAS 16 to IAS 40

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • July 8, 2015 at 1:13 pm #260080
    mansoor
    Participant
    • Topics: 424
    • Replies: 542
    • ☆☆☆☆

    it says that property under iAS 40 are NOT DEPRECIATED.

    However, when we transfer from PPE to IAS40, and a cost model is being used, “the asset is transferred into investment prop at the current CV and continued to be depreciated”

    how do make sense of it? or do i just accept it as a rule

    July 8, 2015 at 7:33 pm #260228
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Cost model – depreciate

    Fair value model – don’t depreciate

    Ok?

    July 8, 2015 at 8:12 pm #260241
    mansoor
    Participant
    • Topics: 424
    • Replies: 542
    • ☆☆☆☆

    thank u

    July 8, 2015 at 8:17 pm #260243
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    You’re welcome

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