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Deemed cost can be used in the opening IFRS balance sheet and is defined as: Answer Fair value at a given date An amount used

Deemed cost can be used in the opening IFRS balance sheet and is defined as: Answer

		Fair value at a given date
		An amount used as a surrogate for cost or depreciate cost at a given date
		A director's valuation
		An estimate of the item's realisable value

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