When the revaluation model is used, the carrying value of the assets after revaluation is the same, regardless of whether the elimination or proportionate method is used.

Question

Quizplus · Accepted Answer

This is true. The revaluation model only changes the valuation of the asset, not the carrying value. The carrying value remains the same regardless of the method used.

When the Revaluation Model Is Used, the Carrying Value of the Assets