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Cost Model Revaluation Model PDF

Financial Reporting

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palaviya
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21 views1 page

Cost Model Revaluation Model PDF

Financial Reporting

Uploaded by

palaviya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Cost model & revaluation model

Saturday, March 9, 2019


3:03 PM

After intangible assets have been recognised they can then be measured using
cost model or revaluation model.

▪ Under cost model intangible assets are carried at its cost, less
amortisation and any impairment loss
▪ Under revaluation model intangible assets are carried at a revalued
amount, less accumulated amortisation and any impairment loss

Accounting treatment for revaluation


Remember revaluation can revaluation surplus or revaluation decrease.
Treatment of revaluation of intangible assets is the same as that of PPEs.
Just always take note of offsetting previous increase or decrease in value.

This study source was downloaded by 100000810029526 from CourseHero.com on 02-17-2022 17:39:33 GMT -06:00

https://www.coursehero.com/file/89303072/Cost-model-revaluation-modelpdf/
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