4) For INITIAL measurement identify the initial valuation criteria and for SUBSEQUENT measurement identify the situation requiring the subsequent measurement and the ongoing valuation basis. Which statement is true?

a) US GAAP allows companies to follow the revaluation model, applied to a class of assets

b) A material expenditure has been made after the initial acquisition of an asset and may or may not be capitalized.

c) The rights associated with intangible assets cannot be protected legally because of the intangible nature of the asset so revaluations are necessary. (i.e. since the asset cant be touched, it is not legally considered as property).

d) A merger is more successful than expected and the goodwill is undervalued.