AAS 29 states that the measurement basis of infrastructure and heritage assets should be:

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AAS 29 states that the measurement basis for infrastructure and heritage assets should be written current cost. This is because these assets may appreciate in value over time, and so it is important to measure them based on their current value rather than simply relying on their historical cost or depreciated fair value. written current cost provides a more accurate representation of the economic benefits that are expected to be derived from these assets.

AAS 29 States That the Measurement Basis of Infrastructure and Heritage