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IAS 16 Property, Plant & Equipment Revaluations.
www.cpaireland.ieThe only allowable model for initial recognition of PPE is at cost as per IAS 16. Measurement after recognition There are two allowable models for measurement of PPE after initial recognition; Cost model, or Revaluation model Revaluation Model After initial recognition as an asset, PPE shall be carried at a revalued amount provided its