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How many of these are requirements of IAS 16/AASB 116? - An entire class of non-current assets must be revalued together. - If the revaluation
How many of these are requirements of IAS 16/AASB 116? - An entire class of non-current assets must be revalued together. - If the revaluation model is adopted non-current assets should be revalued to either fair value or the value in use. - Before a depreciable asset is revalued accumulated depreciation should be written back to the asset account.
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