Under IAS 16 (Property,Plant,and Equipment) ,subsequent revaluation decreases are:
A) never recognized.
B) credited to a revaluation surplus account.
C) recognized as an expense on the Income Statement.
D) first recognized as a reduction in any related revaluation surplus.
Correct Answer:
Verified
Q25: Under IAS 40 (Investment Property), gains or
Q28: How should the cost of borrowing funds
Q41: What do IASB standards say about related
Q42: What is one major difference between IFRS
Q43: Under IAS 10 (Events After the Reporting
Q44: Under IAS 17,in a sale-leaseback transaction,how must
Q47: According to IFRS 8 (Segment Reporting),which is
Q48: How does IAS 34 (Interim Financial Reporting)differ
Q48: What is one major difference between IFRS
Q50: Under a joint exposure draft issued by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents