alleryStart learning →Ind AS 40 permits only which model?
AFair value model of IAS
BRevaluation model of PPE
CCost model of Ind AS 16
DNRV model of Ind AS 2
Answer & Solution
Correct answer: C. Cost model of Ind AS 16
Ind AS 40 permits only the cost model, whereas IAS 40 also allows the fair value model.
Keep practising Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property
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Related questions
Restrictions on realisability: what is disclosed?If fair value is unreliable, what is disclosed?When classification is hard, what is disclosed?Which profit or loss amounts must be disclosed?What must be disclosed under the cost model?Liabilities kept after disposal fall under which Standard?Compensation for lost property is recognised when?Carrying Rs 1.2 crore; net proceeds Rs 1.5 crore. Recognised?