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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › What will be the Cost for the IAS 16
I was going through the Study Hub IAS 40 and there was this paragraph
“If there is clear evidence that fair value cannot be measured on a reliable and continuing basis when a property is first acquired, the cost model applies (IAS 16). However, all other investment properties are measured at fair value.”
My question is what will be the cost for IAS 16 model. The Initial Purchase cost or the last year fair value?
Hi,
For PPE then we capitalise at purchase price (cost) plus any directly attributable costs.
Thanks