Regarding the valuation of operating assets, IFRS allows companies to use fair value.

Question

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According to IFRS, companies are allowed to use fair value as a measure for the valuation of operating assets. However, fair value may only be used if it reliably reflects the actual value of the asset and appropriate valuation techniques have been applied. Companies must also disclose the method used to determine fair value and any significant inputs or assumptions used in the process.

Regarding the Valuation of Operating Assets, IFRS Allows Companies to Use