Reporting as an intangible asset An alternative accounting model for assets regularly undergo significant swings value by definition. How should your business record.
However, the decrease shall be recognised in other comprehensive income then IAS 2 states that value and is used without.
The best time to start accepting digital assets as payments is whenever the business is ready to accept the challenges that come along with accepting cryptocurrency. However, the decrease shall be recognised in other comprehensive income to the extent of any credit balance in the revaluation surplus in respect of that asset. It is unusual for intangible assets to have active markets. By extension, this means that the carrying value of the cryptocurrency will always be the lowest recorded fair value since the receipt of the digital asset.
