Question: AASB 138 permits two bases for measuring intangible assets subsequent to initial recognition, the cost model and the revaluation model. Select one: O The conditions

AASB 138 permits two bases for measuring intangible assets subsequent to

AASB 138 permits two bases for measuring intangible assets subsequent to initial recognition, the cost model and the revaluation model. Select one: O The conditions for the use of the revaluation model will only be met on rare occasions O None of the given options are correct O In practice the revaluation model is the one that is most commonly applied O In practice the two models are generally applied in an equal proportion

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