Accountıng I Deneme Sınavı Sorusu #1313556
A company purchases a land for 200,000 TL. In initial accounting, the company records the land at 200,000 TL. The value of the land increases to 250,000 TL. If the company chooses to apply fair value principle, which of the following will be the reporting value of the land?
|
200.000 |
|
220.000 |
|
225.000 |
|
240.000 |
|
250.000 |
Yanıt Açıklaması:
The fair value principle states that assets and liabilities are reported at their fair value. If the company chooses to apply fair value principle, the reported value of the land will be 250,000 TL.
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