Would really appreciate if someone could advice please. A commercial property purchased in 2011, annual fair value adjusted under FRS102 and sold in 2021. For the profit/loss on disposal computation would you take the current FV as the original cost or take the initial cost in 2011 and then adjust for indexation till Dec2017, or the combniation of the two. Purchased for £200k in 2011, current FV £250k and sold for £400k. If someone could advice then will really appreciate.
19th Sep 2021
Commercial property sale under FRS102
Would the cost price on disposal be the FV or the original cost price adjusted for indexation
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