Provides an overview of the concepts of Useful Life and Residual value as per IFRS IAS16 Property Plant and Equipment. It highlights the need for these two concepts to be considered in relation to each other as well as showing the risk of material misstatement if they are based on simplistic (and commonly adopted) assumptions rather than being based on the asset management reality. Fair Value Pro is the only specialise valuation solution custom designed to enable entities to simply and efficiently deliver fully compliant IFRS valuations
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