Land and Buildings definition
Examples of Land and Buildings in a sentence
Land and Buildings Land and buildings are restated at current cost using professional valuations every five years and appropriate indices in intervening years.
Land and Buildings are recognised initially at cost and subsequently measured at fair value less accumulated depreciation and impairment.
Assets are classified into the groupings required by The Code with assets being valued on the following basis:- - Land and Buildings (other property) are included in the Balance Sheet at fair value in their existing use, net of any subsequent depreciation.
Land and Buildings are shown at fair value or Depreciated Replacement Cost (DRC) for specialised properties.
Use of Land and Buildings Grants are recorded as revenue in the period the School uses the land and buildings.