alleryStart learning →Under the revaluation model, an item of PPE is carried at what amount?
ACost plus a fixed yearly uplift
BOriginal cost less later depreciation
CNet realisable value at year end
DFair value less later depreciation
Answer & Solution
Correct answer: D. Fair value less later depreciation
The revalued amount is the fair value at the revaluation date, which is then depreciated afterwards.
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