9 After initial recognition of an item of PPE, the asset should be measured using either the cost model or the revaluation model. * (1.5 Points) O True. False. 10 Increasing in deferred taxes liabilities indicates cash out from operating activities. (1.5 Points) O True. False. 11 Abnormal amounts of wasted materials costs are not included in valuing inventory. (1.5 Points) O True. False