Which Statement Describes the "Revaluation Model

Multiple Choice

Which statement describes the "revaluation model"?

A) A model which keeps the carrying value of an asset and adjusts for depreciation and impairment.
B) A model which restates the value of an asset at each measurement date.
C) A model which restates the carrying value of an asset to the asset's fair value on the date of revaluation.
D) A model which values the asset based on its productive capacity.