All of the Following Are True Regarding the Revaluation Model

question 111

Multiple Choice

All of the following are true regarding the revaluation model allowed under IFRS except

• A) once selected, the revaluation policy applies to an entire class of property, plant and equipment.
• B) revaluations must be made regularly to ensure that the carrying value is not materially different from fair value.
• C) after initial recognition, the revalued amount is fair value less subsequent depreciation and impairment losses.
• D) when an asset is revalued, any increase in carrying amount is reported as miscellaneous revenue.

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Definitions:

CPU

The primary processing work within a computer is executed by the Central Processing Unit, the fundamental part of the system.

Processing Paths

The sequence of operations through which data passes within a computer system or network.

HDMI

High-Definition Multimedia Interface, a digital interface for transferring high definition video and audio data from a source device to a display device without loss of quality.

Audio And Video

Refers to the technology and media associated with sound and visual components, often used in entertainment, communications, and information.