Which of the Following Statements Is Not True About Revaluation

question 26

Multiple Choice

Which of the following statements is not true about revaluation accounting?

• A)Revaluation must be done regularly.
• B)Revaluation can be applied to tangible assets whose fair values can be reliably measured.
• C)Revaluation can be applied to intangible assets if the assets have an active market.
• D)Revaluation is applied to individual assets.

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Definitions:

Observing

The act of carefully watching or monitoring something or someone to gain information, without directly interacting or interfering.

Alternatives

are other options or choices available that can be considered when making decisions or solving problems.

Social Situation

refers to any context in which interactions between individuals or groups take place, influenced by the norms, roles, and cultural expectations of the society.

Forming

The initial stage of team development where members meet and start to work together for the first time, characterized by orientations and positive expectations.