alleryStart learning →Fair value under Ind AS 113 is an exit price. What does this mean?
APrice paid to buy the asset
BPrice at which the asset is scrapped
CPrice received to sell the asset
DPrice set by the entity's board
Answer & Solution
Correct answer: C. Price received to sell the asset
An exit price is the amount received on selling an asset or paid to transfer a liability, viewed from a market participant's side.
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