Under AASB 116:
A) net revaluation decrements are normally required to be credited to a revaluation surplus
B) net revaluation increments are normally required to be credited to an income account
C) net revaluation decrements are normally required to be debited to a revaluation surplus
D) net revaluation increments are normally required to be credited to a revaluation surplus
Correct Answer:
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A)
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