CERTYNEX IFRS ACADEMY

A transport entity elects the revaluation model for one of its route operating licences, which are traded on an active market. What follows for the other licences in the same class?

They remain at cost, because the model is chosen asset by asset.

They are revalued too, except those for which there is no active market.

They are revalued only when their fair value durably exceeds their historical cost.

They are revalued only once, on the date the model changes, and then stay frozen.