IAS 16 allows companies to choose between the cost model and the revaluation model for...
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Accounting
IAS 16 allows companies to choose between the cost model and the revaluation model for the subsequent measurement of property, plant and equipment (PPE). However, if a company chooses to revalue its PPE, IAS 16 imposes some restrictions on revaluation.
- List the restrictions IAS 16 imposes on revaluation.
- Why does IAS 16 impose these restrictions on revaluation?
- Briefly explain whether revaluation of PPE is useful to users.
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