Under IFRS, when an entity chooses the revaluation model as its accounting policy for measuring property, plant, and equipment, which of the following statements is correct? WHY?

Multiple Choice

A- Revaluations of property, plant, and equipment must be made at least every three years.

B- When an asset is revalued, the entire class of property, plant and equipment (such as Land) to which that asset belongs must be revalued.

C- When an asset is revalued, it is reported on the balance sheet at its current replacement cost.

D- The revalued assets must be reported in a special section of the balance sheet separate from those assets measured using the cost model.