The following measurement bases are acceptable for property,plant and equipment:
A) Historical Cost
B) Revaluation Model
C) Fair value Model
D) All of the given answers
E) Historical Cost and Revaluation Model

Question

Quizplus · Accepted Answer

Property, plant, and equipment can be measured using the historical cost model or the revaluation model according to accounting standards like IFRS. The fair value model is not typically used for these assets.

The Following Measurement Bases Are Acceptable for Property,plant and Equipment