redskins44

Trekker Wrote:
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> You are correct - that makes sense.
>
> So, to conclude, under IFRS:
>
> 1) inventory can only be revalued UP TO ORIGINAL
> COST or previously stated loss - gain recorded in
> I/S
>
> 2) PPE can be revalued UP TO FAIR VALUE - if this
> value is above the original cost the additional
> amount is recorded in OCI AND any gain up to the
> original cost or previous loss recorded in I/S

100%