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What is the amount reported on the balance sheet for Property?

 Plant and Equipment is the company's estimate of the fair market value as of the balance sheet date. yes or no

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Question ajoutée par abdelaziz allam , محاسب اول , شركة كامبردج مصر للاستثمار التعليمي ش.م.م
Date de publication: 2016/02/11
Ibrahim Murudkar
par Ibrahim Murudkar , Secretary , Accenture - India

Fixed Assets is the amount reporated on the balance sheet for property

ali mohamed osman
par ali mohamed osman , محاسب , مجموعة شركات معاوية البرير

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

Zeny Gida
par Zeny Gida , Accounts Document Controller , Emirates Link Maltauro Company LLC

The amount reported on the balance sheet for property is Assets

mohamed aied
par mohamed aied , ACCOUNTING MANAGER , TANTA MOTORS

Yes the entity con apply revaluation model or cost model under Ifrs but if the entity not apply Ifrs they must go local Gaap

Frank Mwansa
par Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

yes. entities can choose between the cost model and fair value model to reflect the value of plant and equipment in the balance sheet.

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