When the revaluation model is applied, amortization expense must be taken annually for depreciable assets.

Name: When the revaluation model is applied, amortization expense must be taken annually for depreciable assets.
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Amortization expense is taken annually for depreciable assets under the revaluation model to spread the difference between the revalued amount and the carrying amount over the asset's remaining useful life.

When the Revaluation Model Is Applied, Amortization Expense Must Be