Consider the situation where an entity is recording a revaluation decrement related to a depreciable non-current asset under AASB116. It is the first time this non-current asset has been revalued. Select all of the following statements that apply:

Select one or more:

An Asset Revaluation Surplus account will be debited.

The carrying amount and fair value must be materially different for this to take place.

There is no need to write-back accumulated depreciation.

No separate tax effect entries are required.

The impact of the decrement is reflected through other comprehensive income (OCI).