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.
The NHS follows HM Treasury's 'Technical Note 1 (Revised) How to account for PFI transactions' which provides practical guidance for the application of the FRS5 amendment and the guidance Land and Buildings in PFI schemes version 2.