- This topic has 3 replies, 2 voices, and was last updated 8 years ago by .
Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Transfer from PPE IAS 16 to IAS 40
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
Cost model – depreciate
Fair value model – don’t depreciate
Ok?
thank u
You’re welcome