Under IFRS, bearer plants are carried at the lower of cost and net realizable values.

Name: Under IFRS, bearer plants are carried at the lower of cost and net realizable values.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Under IFRS, bearer plants are accounted for in the same way as property, plant, and equipment, which means they are initially measured at cost and then either the cost model or the revaluation model is applied, not the lower of cost and net realizable value.

Under IFRS, Bearer Plants Are Carried at the Lower of Cost