Under the accounting standard dealing with revaluations, IAS 16/AASB 116, an entity is required to:
A) adopt either a cost model or a revaluation model.
B) adopt a revaluation model.
C) adopt a cost model.
D) revalue its assets

Name: Under the accounting standard dealing with revaluations, IAS 16/AASB 116, an entity is required to: A) adopt either a cost model or a revaluation model. B) adopt a revaluation model. C) adopt a cost model. D) revalue its assets
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

The Answer is A

Under the Accounting Standard Dealing with Revaluations, IAS 16/AASB 116