Don't come across many of these
Co is a pure investment property vehicle no other trade
Q1) If one property is impaired and one has upward revaluation - can I net or do I need to show both movements?
I will track the cost/value of each so I know what the reserves relate to
Q2) Iris standard coding is giving impairment/ reversal of impairment and revaluation codes in both the Cost codes and Depreciation codes areas. I would lean to show it in cost as the cost b/f code is described as cost/valuation.
Any guidance please?