When Changing from the Revaluation to the Cost Model of Measurement

question 27

Multiple Choice

When changing from the revaluation to the cost model of measurement for non-current assets, the model must be applied:

• A) in the current and future accounting periods.
• B) only to assets acquired after date of changing to the cost model.
• C) retrospectively.
• D) prospectively.

---

Definitions:

Footers

Sections located at the bottom of documents, web pages, or software interfaces that contain information like page numbers, copyright notices, or contact information.

Blank Report Button

An interface element in database software that creates a new, empty report template for custom data presentation.

Report Design View

An editing mode in database software that allows users to create and modify the layout and structure of reports before printing or displaying them.

Report View

A feature in database and application software that allows users to view, and sometimes interact with, the data in a report format.