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What is the amount reported on the balance sheet for Property?

 Plant and Equipment is the company's estimate of the fair market value as of the balance sheet date. yes or no

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Question added by abdelaziz allam , محاسب اول , شركة كامبردج مصر للاستثمار التعليمي ش.م.م
Date Posted: 2016/02/11
Ibrahim Murudkar
by Ibrahim Murudkar , Secretary , Accenture - India

Fixed Assets is the amount reporated on the balance sheet for property

ali mohamed osman
by ali mohamed osman , محاسب , مجموعة شركات معاوية البرير

The amount reported on the balance sheet for property is Assets

Yes the entity con apply revaluation model or cost model under  but if the entity not apply

Zeny Gida
by Zeny Gida , Accounts Document Controller , Emirates Link Maltauro Company LLC

The amount reported on the balance sheet for property is Assets

mohamed aied
by mohamed aied , ACCOUNTING MANAGER , TANTA MOTORS

Yes the entity con apply revaluation model or cost model under Ifrs but if the entity not apply Ifrs they must go local Gaap

Frank Mwansa
by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

yes. entities can choose between the cost model and fair value model to reflect the value of plant and equipment in the balance sheet.

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