Which Statement Is Correct Regarding the Use of the Cost

question 42

Multiple Choice

Which statement is correct regarding the use of the cost model and the revaluation model?

• A) The cost model is not allowed under IFRS.
• B) The revaluation model is the only model allowed under IFRS.
• C) The cost model is the only model allowed under ASPE.
• D) Either the cost model or the revaluation model can be under ASPE.

---

Definitions:

Type 2 Diabetes

A chronic condition characterized by high blood sugar levels due to insulin resistance or a lack of insulin production.

Therapeutic Response

The body's reaction to a treatment, indicating the effectiveness of an intervention.

Abdominal Hysterectomy

A surgical procedure for the removal of the uterus through an incision in the abdomen, often performed to treat conditions like fibroids or gynecological cancer.

Severe Pain

A highly intense and uncomfortable sensation often signaling an underlying health condition, requiring immediate medical attention for relief.