Conditions of the revaluation model

Learning objectives

• Explain the components of the revalued amount.L2
• Assess whether the conditions for applying the revaluation model are met.L3

Normative references

• IAS 16 §31Revaluation model: if fair value can be measured reliably, revalued amount (fair value at the date of the revaluation less any subsequent accumulated depreciation and impairment losses); revaluations made with sufficient regularity.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• True or false? Under the revaluation model, a building revalued to its fair value continues to be depreciated after the revaluation date.L2