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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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