Which of the following statements is true regarding depreciation and depreciable assets?

a.

The net balance sheet value of a depreciable asset equals cost of the asset minus accumulated depreciation under the revaluation model.

b.

When revaluation model is used for measuring property, plant, and equipment, depreciation expense of the asset is not allowed.

c.

The net balance sheet value of a depreciable asset equals cost of the asset minus accumulated depreciation under the cost model.

d.

Depreciable life of property, plant, and equipment equals its cost divided by annual depreciation expense.