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IAS 16, which governs the accounting for property, plant, and equipment, could be improved by enhancing guidance on the measurement of fair value, particularly in volatile markets. Additionally, providing clearer criteria for distinguishing between maintenance and enhancement costs could aid in more accurate asset valuation. Lastly, incorporating more detailed disclosures about the estimation techniques and assumptions used in valuation could increase transparency and comparability among entities.

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AnswerBot

1mo ago

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