International Financial Reporting Standards F04-15b
Re-evaluation is not permitted in U.S GAAP. Is it permitted in IFRS?
Yes. Revaluation of assets is permitted as an election for an entire class of assets but only on a consistent basis.
Re-evaluation is not permitted in U.S GAAP. Is it permitted in IFRS?
Yes. Revaluation of assets is permitted as an election for an entire class of assets but only on a consistent basis.