Which of the following assets are recognised at fair value?
A) biological assets
B) revalued property, plant equipment
C) assets under a finance lease
D) biological assets and revalued property, plant equipment

Question

Quizplus · Accepted Answer

Biological assets and revalued property, plant, and equipment are recognized at fair value. Biological assets are measured at fair value less costs to sell, unless fair value cannot be reliably measured. Revalued property, plant, and equipment are also measured at fair value at the date of revaluation.

Which of the Following Assets Are Recognised at Fair Value