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Basic Question 1 of 2
Under IFRS, which model is NOT allowed to value investment property?
B. Fair value model
C. Revaluation model
A. Cost model
B. Fair value model
C. Revaluation model
User Contributed Comments 2
| User | Comment |
|---|---|
| 6469167 | What revaluation model means at all and why is it not allowed under IFRS? |
| mcbreatz | The revaluation model is the model used to determine impairments for long lived assets. Its similar to fair value model in many ways but remember that they use different names. |
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Edward Liu
Learning Outcome Statements
compare the financial reporting of investment property with that of property, plant, and equipment;
CFA® 2024 Level I Curriculum, Volume 3, Module 23.