alleryStart learning →A first-time revaluation policy for PPE is dealt with under:
AInd AS 8 retrospectively
BInd AS 2 as inventory
CInd AS 16 as revaluation
DInd AS 36 as impairment
Answer & Solution
Correct answer: C. Ind AS 16 as revaluation
Ind AS 8 carves out a first-time revaluation policy so that it is handled as a revaluation under Ind AS 16 or Ind AS 38.
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