International financial standards allow the write-up of PP&E if the fair value of the asset can be reliably measured and revaluation is performed on a regular basis.

Question

Quizplus · Accepted Answer

International Financial Reporting Standards (IFRS), specifically IAS 16, allow for the revaluation of property, plant, and equipment (PP&E) to fair value, provided that the fair value can be reliably measured and the revaluation is performed regularly.

International Financial Standards Allow the Write-Up of PP&E If the Fair