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(Answer length - approximately 100 words) According to AASB 116, management may change the measurement basis for propert, plant and equipment, for example from cost

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(Answer length - approximately 100 words) According to AASB 116, management may change the measurement basis for propert, plant and equipment, for example from cost to fair value. However, there are certain disincentives to adopting the revaluation model. Required: Explain two reasons why the cost model would be preferred over the revaluation model. (4 Marks)

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