Question
As per AS 10 (Revised) ‘Property, Plant and
Equipment’, an enterprise holding investment properties should value Investment property:Solution
Explanation :Under AS 10 (Revised) in India, investment property must be measured using the cost model , even though its fair value must be disclosed in the notes. This differs from Ind AS 40 , where entities have the option to use fair value (disclosed but not used for measurement in AS).
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