Which of the Following Statements Best Describes the Accounting for Intangible

Multiple Choice

Which of the following statements best describes the accounting for intangible assets after acquisition under IFRS?

A) They may be accounted for under the cost model or the revaluation model.
B) They should be accounted for under the cost model.
C) They should be accounted for under the revaluation model if an active market exists
D) None of these