Question
ABC Ltd is a medium sized public company which operates within the manufacturing sector. The assets include a large number of non-current assets such as
ABC Ltd is a medium sized public company which operates within the manufacturing sector. The assets include a large number of non-current assets such as Plant and Machinery items. The CFO currently prepares the annual financial statements using the Cost model however is considering changing to the Revaluation (fair value) method.
In order to assist with his decision, he needs to know the impact that this change will have on the financial statements and reports. The company is in its growth stage and wants to continue attracting new investors with its impressive financial results.
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