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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Under IFRS Companies Are Allowed to Revalue Their Property, Plant
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Under IFRS Companies Are Allowed to Revalue Their Property, Plant

Question 46

Question 46

True/False

Under IFRS companies are allowed to revalue their property, plant, and equipment as well as intangible assets.The revaluation is based upon market value and can be either adjusted up or down.

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