30.In January of its first year of operations, Klemm Ltd. acquired land and a building for use in its manufacturing operations. Klemm has elected to use the revaluation method permitted under IFRS and must follow particular guidelines. Of the choicesbelow, which isnot a correct statementabout the practices thatKlemmmust follow under IFRS to use the revaluation method for subsequent measurement?

A. Subsequent revaluations of the assets are required with sufficient regularity to ensure that the carrying amount does not differ materially from fair value at the end of the reporting period.

B. Subsequent revaluations of the assets are required annually to ensure that the carrying amount does not differ materially from fair value at the end of the reporting period.

C. When a revaluation is required, it is usually performed by appraisers.

D. Klemm is permitted touse the revaluation method for either the land or the building - or both.