alleryStart learning →Reliable fair value: what presumption applies?
AIrrebuttable in all cases
BRebuttable presumption
CNo presumption at all
DNever reliably measurable
Answer & Solution
Correct answer: B. Rebuttable presumption
There is a rebuttable presumption of reliable measurement on a continuing basis, with exceptions only in exceptional cases.
Keep practising Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property
Browse all Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property questions for CA Final, or explore more Financialreporting topics.
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?