IFRS - True or False ( If the answer is true, please fill your answer as T in the answer box; If the answer is false, please fill your answer as F in the answer box.)

26. If a company chooses to revalue its land and buildings, then all items of property, plant and equipment should be reported at fair value.

27. When a company chooses to change its depreciation method from reducing balance to straight-line, it must calculate the carrying amount at the date of change and depreciate over the remaining useful life of the asset.

28. A statement of financial position is at a particular point in time.

29. An entity should disclose a contingent liability, unless the possibility of an outflow of future economic benefits is remote

30. If a provision is for a single item, it should equate to an amount that reflects the best estimate of the expenditure.