Measurement of a real estate under development for sale

All topics related to IFRS Standards.
Post Reply
Asnake E
Posts: 213
Joined: 02 Oct 2019, 03:28

Measurement of a real estate under development for sale

Post by Asnake E »

Hi
Is there any possibility to measure of a real estate under development for sale at fair value per IFRS?
Top
JRSB
Trusted Expert
Posts: 1333
Joined: 01 Mar 2020, 01:10
Location: UK

Re: Measurement of a real estate under development for sale

Post by JRSB »

the question is whether it is inventory or not
Top
Asnake E
Posts: 213
Joined: 02 Oct 2019, 03:28

Re: Measurement of a real estate under development for sale

Post by Asnake E »

It is for sale, it is inventory.
Top
JRSB
Trusted Expert
Posts: 1333
Joined: 01 Mar 2020, 01:10
Location: UK

Re: Measurement of a real estate under development for sale

Post by JRSB »

then lower of cost and NRV
Top
Asnake E
Posts: 213
Joined: 02 Oct 2019, 03:28

Re: Measurement of a real estate under development for sale

Post by Asnake E »

Thank you.
Top
Post Reply

Return to “IFRS-related topics”