Question: Where the value of revalued non - current assets does not change frequently and is not material, AASB 1 1 6 suggests that revaluations:may be

Where the value of revalued non-current assets does not change frequently and is not material, AASB 116 suggests that revaluations:may be undertaken when next convenient.Oshould be undertaken every 3 to 5 years.Omay be undertaken for individual assets within a class.should be suspended and the entity should switch back to cost.

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