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| 15. (2) Which of the following statement about revaluation model is false? ( ) A Enterprises can apply the model to selective assets within the same class. B) The frequency of revaluation depends on how likely fair values materially deviate from carrying values. C The ability to use this model depends on whether the particular assets have reliably measured fair value. D The model can be applied to PPE and intangible assets. | 16. (2) Adverse selection is a type of information asymmetry whereby one party to a contract can not observe some actions relating to the fulfillment of the contractual terms by the another party ( ) x