alleryStart learning →Fair value should reflect which income?
AExpected sale gains only
BRental income from leases
CNo income of any kind
DOwner's use value only
Answer & Solution
Correct answer: B. Rental income from leases
Fair value reflects, among other things, rental income from current leases and market participants' assumptions.
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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?