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Prepare a memo to the directors of Star Freight Ltd, explaining the key aspects of the revaluation model (how revaluations are accounted for under AASB

Prepare a memo to the directors of Star Freight Ltd, explaining the key aspects of the revaluation model (how revaluations are accounted for under AASB 116, how often assets need to be revalued, and how depreciation expense is impacted). Provide references to key paragraphs in AASB 116 to support your discussion.

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