When Using the Revaluation Model

question 12

Multiple Choice

When using the revaluation model:

• A)ongoing record keeping costs are generally lower than if the cost model were used.
• B)the values reported will provide more relevant information to users of the financial statements.
• C)depreciation costs will generally be lower than under the cost model.
• D)the entities financial statements will be consistent with USGAAP requirements.

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