Question
According to AASB 116, management may change the measurement basis for property, plant and equipment, for example from cost to fair value. However, there are
According to AASB 116, management may change the measurement basis for property, plant and equipment, for example from cost to fair value. However, there are certain disincentives to adopting the revaluation model.
Required:
Explain two reasons why the cost model would be preferred over the revaluation model.
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
