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  3. under the provisions of aasb 116 the statement tha

under the provisions of AASB 116 the statement that is correct, concerning an asset that...

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Accounting

under the provisions of AASB 116 the statement that is correct, concerning an asset that has been revalued upward, is:

A if the asset is disposed of the revaluation surplus can remain in the accounts after the disposal of the asset that created it

B the amount of the revaluation increment is included in equity without being included in net profit

C neither of the statements is correct

D both of the statements are correct

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