Get used to marking up your sold non-financial assets: FASB
The FASB has released new standards for the recognition of gains and losses in non-financial assets, which will affect treasurers of US companies and their subsidiaries, but those in real estate should be extra vigilant.
Non-financial assets must be recognised at their market value and not their historical value when they are sold, under new guidance from the Financial Accounting and Standards Board (FASB).
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