Which of the Following Is an Argument to Support the Use

question 3

Multiple Choice

Which of the following is an argument to support the use of the revaluation model of accounting for property, plant & equipment?

• A) the revaluation model is consistent with US GAAP
• B) the revaluation model can be selectively applied to individual assets
• C) the ongoing costs associated with applying the revaluation model provide a disincentive to applying the model
• D) the revaluation model provides more relevant and reliable information than the cost model

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Definitions:

Java

A popular, object-oriented programming language designed to have as few implementation dependencies as possible, allowing applications to be run on any device that supports Java without the need for recompilation.