As28

Accountancy

How can revaluation price and market value b different ? Based on what reason ?

Sushmita Chowdhury

CA Inter

★ 2K+

21-Mar-24 19:10

415

Answers (3)

Revaluation amount as per AS 10 is Fair value Recoverable amount is FV less costs to sell as per AS 28

CA Suraj Lakhotia

Admin

23-Mar-24 22:06

CA Suraj Lakhotia Admin

Revaluation amount as per AS 10 is Fair value Recoverable amount is FV less costs to sell as per AS 28

Sir it said market value not recoverable amount It said revaluation amount and market value is different in the same year…..I.e at the end of 4th year

Thread Starter

Sushmita Chowdhury

CA Inter

★ 2K+

28-Mar-24 18:46

There are different ways to calculate fair value. May be management has used its estimate.

CA Suraj Lakhotia

Admin

30-Mar-24 17:50

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