Which Is Correct with Respect to the Accounting Treatment Under

Multiple Choice

Which is correct with respect to the accounting treatment under the cost or revaluation model?

A) Companies can choose to apply the revaluation model to each individual PPE or intangible asset under IFRS.
B) Companies can choose to apply the revaluation model to each class of PPE or intangible asset under IFRS.
C) Companies can choose to apply the revaluation model to each individual PPE or intangible asset under ASPE.
D) Companies can choose to apply the revaluation model to each class PPE or intangible asset under ASPE.