The concept of conservatism requires that if a class of non-current assets is revalued a revaluation decrement should be treated as an expense of the period,whereas a revaluation increment should be treated as an increase in a reserve.

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This statement is true according to the concept of conservatism. When revaluing non-current assets, a decrease (or decrement) in value should be recognized as an expense to reflect potential losses, while an increase (or increment) should be recognized as an increase in a reserve to avoid overstating profits or the value of the asset on the balance sheet.

The Concept of Conservatism Requires That If a Class of Non-Current