Under IFRS, When a Company Chooses to Value Capital Assets

question 39

Multiple Choice

Under IFRS, when a company chooses to value capital assets at market value, which of the following statements is true?

• A)At least three licensed appraisers must agree on a market price.
• B)The unrealized gain recorded when the asset is written up allows the company to show stronger net income in that year.
• C)The company is required to value all similar assets in the same way.
• D)The carrying value of the asset remains the same, but the accumulated depreciation is eliminated.

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