According to AASB 116,the following must be disclosed for revalued items of property,plant and equipment:
A) the methods and significant assumptions applied in estimating fair values
B) the effective date of the revaluation
C) whether an independent valuer was involved
D) all of the above
Correct Answer:
Verified
Q10: Subsequent to their initial recognition,AASB 116 provides
Q11: Derecognition of an item of property,plant and
Q12: An identifiable non- monetary asset without physical
Q13: An asset is not required to be
Q14: AASB 116: Property,Plant and Equipment does not
Q16: The method of depreciation that results in
Q17: The amount for which an asset could
Q18: The comparison of the carrying amount of
Q19: Identify and explain the specific elements of
Q20: AASB 116 defines property,plant and equipment as
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