Page 141 - 5.1 (b) i. Finac1 ITC Summarised Notes

ITC EXAM PREP

Measurement at recognition – Measurement of cost IAS 16.23-28

Deferred pmt (IAS16.23)

•Beyond normal terms

Calculate PV

Exchange (IAS16.24-26)
•Fair value of asset given up

used to measure cost of asset

received

•Commercial substance: Will
future cash flows change?

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