08-19-2009, 11:40 PM
I think, it depends upon the management intent to use revaluation model or the cost model.
I would like to mention one which might be relevent that..
If management intends to revalue one asset, it has to apply the revaluation to all of the assets in that category. i.e if one furniture item, then all future items and so and so forth.
Regards
Waqas Shabbir
I would like to mention one which might be relevent that..
If management intends to revalue one asset, it has to apply the revaluation to all of the assets in that category. i.e if one furniture item, then all future items and so and so forth.
Regards
Waqas Shabbir
