CERTYNEX IFRS ACADEMY

Pescalia, a fishing company, holds a class of fishing quotas, all traded on an active market except one quota for a rare species, which is never traded. Pescalia adopts the revaluation model for this class. How is the rare-species quota measured?

At a fair value estimated by extrapolating the prices of the other quotas.

At zero, since it cannot be sold.

Choosing revaluation is impossible for the whole class.

At cost less accumulated amortisation and impairment losses.