Multiple Choice
In accounting standard IAS 16/AASB 116, a downward revaluation is now known as a:
A) revaluation decrement.
B) revaluation depletion.
C) revaluation increment.
D) revaluation decrease.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q24: The excess of the purchase price of
Q25: The correct accounting entry to amortise an
Q26: Under IAS 36/AASB 136 Impairment of Assets,
Q27: Which statement relating to the composite-rate depreciation
Q28: Which of the following statements relating to
Q30: On 31 December 2019 a machine with
Q31: Which of the following are mineral resources?<br>I.
Q32: According to IAS 38/AASB 138 intangible assets
Q33: Which pairing of non-current assets and acquisition
Q34: Which statement relating to revaluations of non-current