Revaluation model Archives - CPDbox

Accounting for transfer of an asset from the owner-occupied PPE to the investment property

by Silvia

Question We apply the revaluation model for accounting for our buildings in line with IAS 16 Property, plant and equipment. Recently, we stopped using one of our buildings as our head office and we rented the building out to tenants. Consequently, we transferred this building…

Non-current Assets 0

Change from revaluation back to cost model

by Silvia

Question We intend to change our accounting policy on land and building from “Revaluation model” to “Cost model”. IAS 16 is silent on that. Please, what are your thoughts on this? Answer It is not prohibited, but it is very rare. I would say…

Accounting for transfer of an asset from the owner-occupied PPE to the investment property

Change from revaluation back to cost model

Recent Comments

Categories