The Fair value of accounting for Property, Plant, and Equipment assets:

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The fair value accounting can be applied to all classes of Property, Plant, and Equipment including investment property. This is in accordance with the International Financial Reporting Standards (IFRS) and the Canadian Accounting Standards for Private Enterprises (ASPE). However, it is important to note that fair value accounting can result in significant fluctuations in reported values and can be more complex and onerous to implement than the traditional cost-based accounting method.

The Fair Value of Accounting for Property, Plant, and Equipment