Which of the following assets are recognised at fair value?
A) Biological assets.
B) Revalued property, plant equipment.
C) Assets under a finance lease.
D) All of the given answers.
E) Biological assets and revalued property, plant equipment.

Question

Quizplus · Accepted Answer

Only Biological assets and revalued property, plant equipment are recognised at fair value. Assets under a finance lease, for example, are generally recognised at their present value of minimum lease payments.

Which of the Following Assets Are Recognised at Fair Value