Question: Which is true about the revaluation model for valuing plant, property, and equipment? a. Revaluation of assets must be made on the last day of

Which is true about the revaluation model for valuing plant, property, and equipment?

a. Revaluation of assets must be made on the last day of the fiscal year.

b. Revaluation of assets must be made on the same date each year.

c. There is no rule for the frequency or date of revaluation.

d. Revaluation of assets must be made every two years.

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