Which of the Following Statements Is Correct in Relation to the Use

Multiple Choice

Which of the following statements is correct in relation to the use of the revaluation model to subsequently account for E&E assets?

A) The revaluation model can only be used to account for tangible E&E assets.
B) The revaluation model can be used for tangible E&E assets where the fair value can be reliably measured.
C) The revaluation model can be used for intangible E&E assets where the fair value can be reliably measured.
D) The revaluation model can be used for tangible E&E assets only where there is an active market for the assets.