- CFA Exams
- CFA Level I Exam
- Study Session 8. Financial Reporting and Analysis (3)
- Reading 26. Long-lived Assets
- Subject 4. The Revaluation Model
CFA Practice Question
The revaluation model is ______.
II. not permitted under IFRS
III. not permitted under U.S. GAAP
I. an alternative to the cost model
II. not permitted under IFRS
III. not permitted under U.S. GAAP
A. I and II
B. I and III
C. III only
Explanation: IFRS permits the use of either the revaluation model or the cost model.
User Contributed Comments 1
User | Comment |
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jameshj | Even if sum of discounted expected cash flows is lower than both of these? |