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    mfogelbach's Avatar
    mfogelbach Posts: 1, Reputation: 1
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    #1

    Oct 9, 2009, 08:35 PM
    economic unit concept
    Under the economic unit concept, according to SFAS 141R do I report land at Fair Value or at the Book Value?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Oct 13, 2009, 08:12 PM

    Report at Fair Value.
    This falls under the Estimated Replacement Value Theory of Assets.
    Make sure you understand the concept and
    also do NOT forget the associated DEPRECIATION.
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