Which of These Is Not Correct Under AASB 138 Concerning

Multiple Choice

Which of these is not correct under AASB 138 concerning the measurement of intangible assets subsequent to acquisition?

A) If the revaluation model is used, amortisation is not required even if the useful life of the asset is finite
B) With both the cost and the revaluation models, all assets should be regularly tested for impairment
C) If the cost model is used, amortisation is required if the useful life of the asset is finite
D) The revaluation model is only permitted to be used if there is an active market for the asset