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A company under IFRS revalues its property, plant, and equipment. How should the increase in value be treated? Group of answer choicesRecognized in profit or
A company under IFRS revalues its property, plant, and equipment. How should the increase in value be treated? Group of answer choicesRecognized in profit or loss.Recognized directly in equity under revaluation surplus.Amortized over the life of the asset.Expensed in the current period.
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