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    Principles of Financial Accounting Study Set 1
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    Exam 9: Long-Lived Assets
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    Under the Revaluation Model, the Carrying Amount of Property, Plant
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Under the Revaluation Model, the Carrying Amount of Property, Plant

Question 141

Question 141

True/False

Under the revaluation model, the carrying amount of property, plant, and equipment is its fair value plus any subsequent accumulated depreciation less any subsequent impairment losses.

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