Question: Under IFRS when accounting for plant, property, and equipment, a company a. Must use the cost model for presenting the assets. b. May elect to

Under IFRS when accounting for plant, property, and equipment, a company

a. Must use the cost model for presenting the assets.

b. May elect to use the cost model or the revaluation model on any individual asset.

c. May elect to use the cost model or the revaluation model on any asset class.

d. Must use the cost model for land.

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