CERTYNEX IFRS ACADEMY

The consolidation department of the Arvenne group is preparing a memo on the measurement of right-of-use assets after the commencement date. Which statements are correct? (several answers)

A right-of-use asset is subject to IAS 36 to determine whether it is impaired.

The lessee may measure any right-of-use asset at fair value, on a case-by-case basis.

If the lessee applies the IAS 40 fair value model to its investment property, it also applies it to right-of-use assets that meet that definition.

The IAS 16 revaluation model may be elected for all right-of-use assets relating to a class that the lessee revalues.

The revaluation model is mandatory for all right-of-use assets once a class of property, plant and equipment is revalued.