Accounting · IAS 16 Property, Plant and Equipment
Which of the following statements regarding the revaluation model for non-current assets under IAS 16 is NOT true?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Once a revalued asset is disposed of, any remaining revaluation surplus may be transferred directly to retained earnings
- 2Following a gain on revaluation, the annual depreciation charge is likely to increase
- 3Property revaluation may be necessary to present information that is more relevant to primary users of financial statements
- 4Under the revaluation model, assets must mandatory be revalued every single financial year✓
Correct answer
Under the revaluation model, assets must mandatory be revalued every single financial year
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