IFRS allows companies to include in Other Comprehensive Income the increase in fair value of long-lived assets such as buildings.

Name: IFRS allows companies to include in Other Comprehensive Income the increase in fair value of long-lived assets such as buildings.
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IFRS permits the revaluation of long-lived assets like buildings to fair value, and any increase in value can be recognized in Other Comprehensive Income under the revaluation surplus.

IFRS Allows Companies to Include in Other Comprehensive Income the Increase