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Plant and Equipment is the company's estimate of the fair market value as of the balance sheet date. yes or no
The amount reported on the balance sheet for property is Assets
Yes the entity con apply revaluation model or cost model under but if the entity not apply
Yes the entity con apply revaluation model or cost model under Ifrs but if the entity not apply Ifrs they must go local Gaap
yes. entities can choose between the cost model and fair value model to reflect the value of plant and equipment in the balance sheet.
