Which of the Following Statements Is True of Revaluation Model

question 11

Multiple Choice

Which of the following statements is true of revaluation model in IAS 16?

• A)It is the preferred model of managers with bonus based payments.
• B)It is required under IAS 16.
• C)Once adopted the firm can no longer revert back to cost model.
• D)None of the statements are correct.

---

Definitions:

Smartphones

Handheld electronic devices that combine mobile telephone and computing functions, capable of running various applications.

Operating Systems

The software that manages all the hardware and software resources on a computer, providing a base for application programs and acting as an intermediary between the user and the computer hardware.

File

A collection of data or information that has a name, called a filename, and is stored on a computer or digital device.

Utility

Software designed to help manage, maintain, and control computer resources, such as system tools for optimizing performance.