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AASB 138 permits two bases for measuring intangible assets subsequent to initial recognition, the cost model and the revaluation model. Select one: O The conditions

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AASB 138 permits two bases for measuring intangible assets subsequent to initial recognition, the cost model and the revaluation model. Select one: O The conditions for the use of the revaluation model will only be met on rare occasions O None of the given options are correct O In practice the revaluation model is the one that is most commonly applied O In practice the two models are generally applied in an equal proportion

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