CAF-6 · Chapter 12 · Question 4 of 15
Alpha Tech applies the revaluation model to a specific class of intangible assets. Under IAS 38, this model is only permitted if:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) The fair value of the intangible asset can be determined by reference to an active market.
Explanation
The revaluation model for intangible assets is only allowed if their fair value can be measured by reference to an active market, which is relatively rare for intangibles.
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