If an Organization Selects the Revaluation Model, It Should Revise

question 93

True/False

If an organization selects the revaluation model, it should revise its depreciation amount with each new carrying amount.

---

Definitions:

Predetermined Overhead Rate

is an estimated rate used to allocate manufacturing overhead costs to individual products or job orders based on a specific activity base.

Finishing Department

The final stage in the manufacturing process where products are completed, packaged, and prepared for delivery.

Direct Labor-Hour

A measure of the work time spent by employees who are directly involved in the production process.

Manufacturing Overhead

The indirect factory-related costs that are incurred when a product is manufactured.