... non-current assets. Syllabus and Study Guide The F7 Int and F7 UK syllabi and study guides can be found below. 60 4: Non-current assets F7 Financial reporting Study guide Intellectual level ... depreciable amount, irrespective of a rise in value. Key terms Introduction ix F7 International 70 4: Non-current assets F7 Financial reporting An entity is required to begin depreciating an item ... Note that the definition of fair value has now been changed by IFRS 13. 1.3 Recognition In this context, recognition simply means incorporation of the item in the business's accounts, in this...