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Posted on Jun 19, 2024

The fair value model of accounting for PP&E assets once chosen for one investment property does not have to be applied to all investment property.

The fair value model of accounting for PP&E assets

once chosen for one investment property doesnothave to be applied to all investment property.

is acceptable under both IFRS and ASPE.

recognizes changes in the asset's fair value in other comprehensive income.

should be applied to investment property only.

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