How many of these are requirements of IAS 16/AASB 116?
.An entire class of non-current assets must be revalued together
.If the revaluation model is adopted non-current assets should be revalued to fair value
.Before a depreciable asset is revalued accumulated depreciation should be written back to the asset account

Question

Quizplus · Accepted Answer

The Answer of How many of these are requirements of IAS 16/AASB 116?
.An entire class of non-current assets must be revalued together
.If the revaluation model is adopted non-current assets should be revalued to fair value
.Before a depreciable asset is revalued accumulated depreciation should be written back to the asset account

How Many of These Are Requirements of IAS 16/AASB 116