Posted by: Pdfprep
Post Date: December 31, 2020
Which statement best describes the revalued amount of an asset?
A . Its fair value at the date of revaluation less accumulated impairment
B . Its fair value at the date of revaluation less accumulated depreciation
C . Its fair value, less retained earnings
D . Its fair value at the date of revaluation less accumulated depreciation and accumulated impairment
Answer: D
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