Housebuilders face huge writedowns, 09.06.08

20 June 2008

Sir, Perhaps accounting rules have changed since I was a housebuilder but surely the criterion for land valuation is the lower of either the cost or the net realisable value of the land.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Register for free to finish this article.

Four FREE articles of your choice per month
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue