Under IFRS, a Company Can Choose to Record Their Property

question 132

Short Answer

Under IFRS, a company can choose to record their Property, Plant, and Equipment at fair value. What method is this called?

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Definitions:

Degraded Environment

An environment that has experienced a reduction in quality, health, and biodiversity, often due to human activities.

Conservation Biology

A multidisciplinary science that focuses on the study of how humans impact organisms and on the development of ways to protect

Ex Situ Conservation

The preservation of components of biological diversity outside their natural habitats through measures like seed banks, zoos, and botanical gardens.

Commercial Logging

The harvesting of timber for sale or large-scale removal of trees from forests for the purpose of producing goods such as paper, lumber, and other wood products.