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.

---

Definitions:

Integrative Negotiators

Individuals who aim for solutions that satisfy all parties involved, focusing on mutual gains rather than competing interests.

Problem Definition

The process of outlining, explaining, or clarifying the nature and boundaries of an issue or situation that requires resolution.

Search For Solutions

The proactive effort to find effective answers or solutions to problems.

Generate Alternative Solutions

The process of creating multiple possible solutions to a problem in order to find the most effective resolution.