Under IFRS,when an asset is revalued upward,subsequent depreciation is based on

Name: Under IFRS,when an asset is revalued upward,subsequent depreciation is based on
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Under IFRS, when an asset is revalued upward, subsequent depreciation is based on the asset's fair value, not on its original cost or the method used for determining depreciation on the company's tax returns. The amount of future cash flows the asset is expected to generate is not used to determine subsequent depreciation.

Under IFRS,when an Asset Is Revalued Upward,subsequent Depreciation Is Based