For non-current assets measured using the revaluation model,no consolidation adjustment is required for fair value increases or decreases.

Question

Quizplus · Accepted Answer

Non-current assets measured using the revaluation model are valued at fair value less any accumulated depreciation and impairment losses. Any fair value increases or decreases are directly recorded in the revaluation surplus within equity and no consolidation adjustment is needed.

For Non-Current Assets Measured Using the Revaluation Model,no Consolidation Adjustment