If assets are to be valued at other than cost, accounting standard IAS 16/AASB 116, Property, Plant and Equipment, requires what basis of valuation to be used?

Name: If assets are to be valued at other than cost, accounting standard IAS 16/AASB 116, Property, Plant and Equipment, requires what basis of valuation to be used?
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Accounting standard IAS 16/AASB 116 requires the use of fair value as the basis of valuation if assets are to be valued at other than cost.

If Assets Are to Be Valued at Other Than Cost