# The Friendly Societies (Accounts and Related Provisions) Regulations 1994, Paragraph 29: Substitution of original amount where price or cost unknown

Extent: E+W+S+N.I.

Where there is no record of the purchase price of any asset acquired by a society or of any price, expenses or costs relevant for determining its cost in accordance with paragraph 27 above, or any such record cannot be obtained without unreasonable expense or delay, its cost must be taken for the purposes of paragraphs 19 to 24 above to be the value ascribed to it in the earliest available record of its value made on or after its acquisition by the society.

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Source: https://www.legislation.gov.uk/uksi/1994/1983/schedule/6/paragraph/29 (the official version)
Page: https://openlegislation.uk/friendly-societies-accounts-and-related-provisions-regulations-1994/schedule-6/paragraph-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.