Disclosures under the cost model

Learning objectives

• List the cost model disclosures, including the fair value disclosed in the notes.L2, L3

Normative references

• IAS 40 §79Cost model: disclosures about depreciation methods, useful lives, the reconciliation and the fair value disclosed in the notes.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• An entity that applies the cost model does not have to disclose the fair value of its investment property in the notes.L2