Disclosures Flashcards
1
Q
Revaluation
A
Effective date of revaluation
Whether an independent valuer was involved
Method and significant assumption applied in estimating fv
Extent to which the fv was determined directly by reference to observable prices in an active market or recent market trxns on an arm’s length terms or was estimated using other valuation technique
Historical cost and CA of each class of revalued ppe
Revaluation surplus, indicating the movement for the period and any restrictions on the distribution of the balance to shareholders
