After initial recognition, how does an entity measure its property, plant and equipment under IAS 16?Your answerAIt chooses either the cost model or the revaluation model as its accounting policy and applies it to an entire class of property, plant and equipment.BIt must apply a fair value model, with changes recognised in profit or loss.CIt chooses the model asset by asset, selecting for each item the one that best reflects how its market value is changing.DIt keeps the asset at its original cost without depreciation until disposal.Submit