Alternative accounting rules
Preliminary
(1) The rules set out in Section B are referred to subsequently in this Schedule as the historical cost accounting rules.
(2) Those rules, with the omission of paragraphs 22, 27 and 32 to 35, are referred to subsequently in this Part as the depreciation rules; and references subsequently in this Schedule to the historical cost accounting rules do not include the depreciation rules as they apply by virtue of paragraph 43.
37. Subject to paragraphs 43 to 45, the amounts to be included in respect of assets of any description mentioned in paragraph 38 may be determined on any basis so mentioned.
Alternative accounting rules
(1) Investments falling to be included under Assets item C (investments) may be included at their current value calculated in accordance with paragraphs 41 and 42.
(2) Investments falling to be included under Assets item D (unit-linked investments) shall be shown at their current value.
(1) Intangible
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