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initial recognition and at a balance sheet day. Many International Financial Reporting Standards (IFRS) used the fair value … measurement concept. But most of these standards use the fair value measurement method only at a balance sheet day. On initial … recognition assets and liabilities are measured usually at costs. The IASB presented the discussion paper “Measurement Bases for …
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research studies shows that there is no preference given for one of the methods in the measurement of biological assets—cost or …
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