CERTYNEX IFRS ACADEMY

In Alvrenne's jurisdiction, the law allows a tax revaluation that increases the tax base of certain assets. Which statements about the tax effect of this tax revaluation are correct?

The effect is always recognised in other comprehensive income, as the revaluation is for tax purposes.

The effect is recognised in OCI to the extent that a related accounting revaluation has been recognised there.

The effect is recognised in OCI even if the asset is measured at cost with no accounting revaluation.

The effect is recognised in OCI to the extent that a related accounting revaluation will be recognised there.