Restating of assets to their fair value can only be done using the revaluation model under AASB 116.
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Q9: Otter Ltd has an item of plant
Q10: Impairment requirements of AASB 136 apply to
Q11: The definition of contingent assets is narrower
Q12: It is stated in AASB 116 that
Q13: Edwards Ltd has two pieces of
Q15: Under certain circumstances, a choice exists between
Q16: In measuring recoverable amount under AASB 136,
Q17: The recoverable amount of an asset is:
A)its
Q18: When a class of assets is revalued
Q19: Otter Ltd has an item of plant
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