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The reason that the revaluation model is NOT widely used for measuring intangible assets after initial recognition is that O it is not allowed
The reason that the revaluation model is NOT widely used for measuring intangible assets after initial recognition is that O it is not allowed under IFRS. O the cost method is easier to use. O it can be applied only to intangible assets with a fair value determined in an active market. O it requires an extensive internal investigation to determine fair value.
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th edition
978-1118334331, 1118334337, 978-1119036449, 1119036445, 978-1119036432
