Under the revaluation method of measuring an intangible, the asset is carried at fair value and subject to charges for:
A) amortisation and impairment;
B) inflation in value;
C) interest expense;
D) increment in value.

Question

Quizplus · Accepted Answer

Under the revaluation method, the intangible asset is carried at fair value, and charges are applied for amortisation and impairment. These charges are used to reduce the carrying amount of the intangible asset and recognise any reduction in its value. Inflation in value, interest expense, and increment in value are not relevant to the revaluation method of measuring an intangible asset.

Under the Revaluation Method of Measuring an Intangible, the Asset