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Can we consider bank rate for revalutaion of land

Can we consider bank rate for revalutaion of land

asked Jul 21, 2014 in IAS 16 - Property, Plant and Equipment by anonymous

1 Answer

0 votes
Bank has the credibility on the basis of revaluation of land. This is the most appropriate way to revalue your rather than an estimate from market. Bank are ready to mortgage the land or loan assurance on land thus you have the buyer willing to pay for your land and its appreciate your value of land.
answered Nov 12, 2016 by sheroze1 Level 2 Member (3,000 points)