IAS 16 and IAS 40 permit,but do not require,the use of a current value measurement model.

Name: IAS 16 and IAS 40 permit,but do not require,the use of a current value measurement model.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

IAS 16 and IAS 40 both state that current value measurement models may be used, but they do not require their use. Instead, entities may choose to value property, plant, and equipment and investment property at historical cost or cost model.

IAS 16 and IAS 40 Permit,but Do Not Require,the Use