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      Question

      Under Ind AS 16, after initial recognition, an entity

      can measure PPE using:
      A Only the cost model Correct Answer Incorrect Answer
      B Only the revaluation model Correct Answer Incorrect Answer
      C Either the cost model or the revaluation model Correct Answer Incorrect Answer
      D Only historical cost less depreciation Correct Answer Incorrect Answer

      Solution

      Ind AS 16 permits entities to choose between the cost model and revaluation model for subsequent measurement.

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