All of the Following Statements Regarding Revaluation Under IFRS Are

question 121

Multiple Choice

All of the following statements regarding revaluation under IFRS are except:

• A) The revalued amount is the fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
• B) Revaluations shall be made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.
• C) Under IFRS, the fair value of property, plant and equipment is usually determined from market­based evidence by professional appraisal or valuation.
• D) IFRS does not allow upward asset revaluations.
• E) If there is no market­based evidence of fair value, an entity may need to estimate it using an income or a depreciated replacement cost approach.

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Definitions:

Onset of Diarrhea

The commencement or beginning of frequent and watery bowel movements.

Postoperative Atelectasis

The collapse of lung tissue affecting part or all of one lung, a common complication after surgery.

Bronchodilators

Medications that relax bronchial muscles and widen the airways, easing breathing in respiratory conditions like asthma.

Lung Volumes

Measurements that reflect the different capacities of the lung, including tidal volume, residual volume, and total lung capacity.