The Reason That the Revaluation Model Is NOT Widely Used

question 73

Multiple Choice

The reason that the revaluation model is NOT widely used for measuring intangible assets after initial recognition is that

• A) it is not allowed under IFRS.
• B) the cost method is easier to use.
• C) it can be applied only to intangible assets with a fair value determined in an active market.
• D) it requires an extensive internal investigation to determine fair value.

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