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If a company chooses to revalue its PPE, NZ IAS 16 imposes some restrictions on...

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Accounting

If a company chooses to revalue its PPE, NZ IAS 16 imposes some restrictions on revaluation.

1) List these restrictions that impose on revaluation.

2) Why does NZ IAS 16 impose these restrictions on revaluation?

3) Explain if revaluation of PPE is useful to users.

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