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please solve as soon as you can ill rate the thumps up ACCE336 VALUATION OF PROPERTY. PLANT & EQUIPMENT CASE Widt One of the main
please solve as soon as you can
ACCE336 VALUATION OF PROPERTY. PLANT & EQUIPMENT CASE Widt One of the main differences between U.S. GAAP and LASIFRS is the measurement of property, plant & equipment scquent to initial recognition Read IAS 16 and answer the following questions. Provide a list of the references you have used to search this topic 1) What are the accounting models septed under IFRS for the measurement of property, plant & equipment subsequent to Initial recognition! 2) How often should the company revalue its property, plant & equipment under the evaluation model 3) How should the revaluation gains and loses he counted for and reported in the financial statements? 4) How should any claim for compensation from third parties for impairment be accounted for? 5) How should the recoverability of the carrying amount of property, plant & equipment be accounted for? 6) How should any revaluation surplus from a revalued asset be treated if the revalued asset is disposed of? ) What additional disclosures should be made il property, plant & equipment are stated at revalued amounts! 8) Explain the effect on the company's financial statements if a company switches from the historical cost principle to the revaluation model? How should this change be accounted for in the financial statements i"ll rate the thumps up
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