U.S. GAAP does not allow the revaluation of fixed assets where as it is allowed under IFRS. Revaluation allows the entity to measure fixed assets at fair value. Discuss the advantages and disadvantages of using revaluation for property, plant, and equipment. Provide an example to support your discussion - I have researched the advantage and disadvantage, can you provide me with an example that can be an advantage and disadvantage so I can understand the content better.