Division Fair value or revaluation as deemed cost

United Kingdom Repealed

1. 16Division 16
2. 17A first-time adopter may elect to use a previous GAAP revaluation of an item of property, plant and equipment at, or before, the date of transition to IFRSs as deemed cost at the date of the revaluation, if the revaluation was, at the date of the revaluation, broadly comparable to:
3. 18The elections in paragraphs 16 and 17 are also available for:
4. 19Division 19