Highest and best use

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Revision as of 14:14, 1 August 2015 by imported>Doug Williamson (Expand the stub. Source: IFRS 13 paragraph 28.)
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Financial reporting - fair value.

IFRS 13 Fair Value Measurement defines 'highest and best use' in relation to establishing fair values for non-financial assets and liabilities.

In this context the measurement of the 'highest and best use' of the asset being valued takes into account the use of the asset that is:

  • Physically possible
  • Legally permissible and
  • Financially feasible.


See also

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