in IAS 16 - Property, Plant and Equipment by
Can we consider bank rate for revalutaion of land

Please log in or register to answer this question.

1 Answer

0 like 0 dislike
by Level 2 Member (3.0k points)
Bank has the credibility on the basis of revaluation of land. This is the most appropriate way to revalue your rather than an estimate from market. Bank are ready to mortgage the land or loan assurance on land thus you have the buyer willing to pay for your land and its appreciate your value of land.

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers on Accounting-related questions.

Get AccountantAnswer App

Categories



...